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Belarus Backtracks After Spooking Market With Debt Restructuring Talk

Belarussian President Alexander Lukashenko spooked bond markets on Thursday by speaking of a possible restructuring of $4 billion of Belarussian foreign debt falling due this year, then softened his comments to refer only to refinancing. During a marathon news conference the veteran Belarussian leader made the bombshell comment that Belarus might hold talks to restructure its debts if it was struggling to repay them. That triggered a fall of 27 cents to the dollar in the value of...

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