Posted inOpinion

China may force default on Ukraine state grain firm

The Export-Import Bank of China is threatening to force the default of a US$1.5 billion loan to the State Food and Grain Corporation of Ukraine (SFGCU) just days after the Russian and Ukrainian governments agreed to reopen grain and food shipments to Africa, according to a banker close to the situation. “China Exim Bank is playing hardball and threatening to […]