Oligarch urges new president to default on debt

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Ukraine’s new president Volodymyr Zelensky should reject the International Monetary Fund’s programme and default on its external debt. This “sound” advice was voiced by Ihor Kolomoisky [oligarch who supported Zelensky’s election] in an interview with the Financial Times.

Concerns over Kolomoisky’s influence on the new president continue to grow after the billionaire returned to Ukraine and his lawyer was appointed Mr Zelensky’s chief of staff.

Earlier previous Ukrainian President Petro Poroshenko has said that if PrivatBank is returned to its former owner, businessman Ihor Kolomoisky, this may lead to default and a new economic crisis in the country.

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