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Ukraine scraps bond sale after central bank governor quits

Departure ‘came out of the blue’ said investment managers set to buy the debt

Ukraine has cancelled a bond sale hours after the country’s central bank chief Yakiv Smolii announced his resignation due to “systematic political pressure” that he said threatened the institution’s independence. Mr Smolii’s departure, a setback for President Volodymyr Zelensky, could jeopardise a recently agreed IMF bailout that is vital to seeing the country through the…

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