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$3 billion for Ukraine to go straight to...Russia
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$3 billion for Ukraine to go straight to...Russia

Published: Thursday, 13 Mar 2014 | 1:26 PM ET
By: Michelle Caruso-Cabrera | CNBC Chief International Correspondent
NO I DONT TRUST CNBC BUT COMCAST OWNS THEM SO THAT IS WERE THE HEADLINES COME FROM. DAS


Russia's $3B Ukraine loan contains rare clause
Thursday, 13 Mar 2014 | 6:44 AM ET
CNBC's Michelle Caruso-Cabrera has the details of Russia's $3 billion debt agreement to Ukraine where the bonds were issued in U.S. dollars, and governed by United Kingdom laws and courts.

As Western leaders prepare a bailout package for embattled Ukraine, they face a startling irony: Thanks to the almost bizarre structure of a bond deal between Ukraine and Russia, billions of those dollars are almost certain to go directly into the coffers of the Putin government.

As CNBC has reported, some aid money is bound to go into Russia as a result of energy trade and other economic factors. But the situation is actually much more acute than just that: An existing agreement between the two countries makes an immediate, direct transfer from Ukraine to Russia legally enforceable. http://www.cnbc.com/id/101491011?__sourc...ar=xfinity
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