Ukraine won't give Rus­sia bet­ter deal than other cred­i­tors: PM

The Pak Banker - - BUSINESS -

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.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.