Josh Cohen: Ukraine has every right to play hardball with its creditors
The Finance Minister Natalie Jaresko reacts during a joint briefing with the head of the National Bank of Ukraine Valeriya Hontareva on Feb. 25 in Kyiv.
As Ukraine fights Russian-backed separatists in the Donbas, the government is simultaneously engaged in a battle with its foreign creditors for the debt relief it desperately needs to prevent a full-scale economic collapse. Ukraine owes $32 billion in foreign currency Eurobonds.
