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Thursday, August 13, 2015

Yaresko could not agree with creditors of Ukraine, a new meeting will be held on Thursday

Ukraine and its largest creditors committee failed to reach an agreement on Wednesday to restructure the public debt worth $ 19 billion, a new meeting will be held on Thursday

This source told Reuters, close to the negotiations.

Party for more than five months can not agree on the terms of restructuring of Ukrainian foreign debt.

Finance Minister Natalia Yaresko who personally came to the meeting with the major creditors in San Francisco, called the current round of negotiations the final.

According Yaresko, the country has no time to continue a five-month debate, as of September 23, falls this year's first paying off - $ 500 millionth issue of Eurobonds.

In case of disagreement on the holders of Eurobonds to be acceptable to write off the Ukrainian part of the principal, the government may establish a moratorium on payments.


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