The Guardian: Ukraine offers creditors 'last chance' to reach deal over debt
Kiev says it will stop servicing its $23bn debt unless progress is made in restructuring talks with foreign bondholders soon
Ukraine has offered an updated debt restructuring proposal to creditors, its finance minister says, warning that Kiev would halt debt payments if bondholders did not make use of this last chance to clinch a deal in coming talks.
Ukraine is negotiating with foreign bondholders to restructure $23bn (£14.5bn) of debt, but talks have soured over a disagreement on the necessity of a writedown on the principal of the bonds.
The new offer from Kiev is based on a worsened outlook for the Ukrainian economy and, like the initial proposal, it includes an interest payment and principal cut and maturity extensions, finance minister Natalia Yaresko said in a briefing.
WNU Editor: In the current situation this money will never be repaid .... and what will be given by the IMF and other lenders will just be burned in the war effort or in some endeavor (like paying pensions and government salaries).
More News On Ukraine's Debt Crisis
Ukraine Offers Additional Bonds if Creditors Accept Haircut -- WSJ
Kiev to Meet With Creditor Committee, IMF to Discuss Debt Restructuring -- Sputnik
Ukraine creditors group to respond to Kiev proposal "in due course" -- Reuters
IMF says can continue to support Ukraine even if debt deal not reached -- Reuters
IMF Pledges to Support Ukraine as Debt Talks Loom -- WSJ
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