Ukraine won't give Russia better deal than other creditors: PM
Ukraine will not offer a better debt deal to Russia than to other creditors, Ukrainian Prime Minister Arseny Yatseniuk said on Thursday, after the country reached a restructuring agreement on $18 billion of its debt.
"In no circumstances will Russia receive better terms than other creditors," Yatseniuk said in a government meeting. Ukraine owes Russia a $3 billion Eurobond that matures in December and which Kiev has included among sovereign and sovereign-guaranteed bonds to restructure under an International Monetary Fundled bailout program.
Earlier, Ukraine's finance minister said a "win-win" deal for restructuring $18 billion of debt had been agreed with a group of its largest creditors. The minister, Natalia Yaresko, said late on Wednesday in comments embargoed until Thursday that the deal involved a 20 percent writedown on the principal and met all targets set by an International Monetary Fund bailout program.