Ukraine and creditors lock horns over debt writedown


LONDON (Reuters) - A debt restructuring deal for Ukraine seemed far off on Friday, after its finance ministry and creditors accused each other of a lack of engagement in talks and Kiev dismissed the offer from bondholders as unacceptable.

Kiev and a creditors' committee led by Franklin Templeton had earlier held a teleconference aimed at reaching a deal to enable Ukraine to meet targets attached to a $40 billion (£26.1 billion) bailout package led by the International Monetary Fund.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

South African police say 11 killed, three injured in KwaZulu-Natal shooting
Death toll from capsized ship in Indonesia rises to 20 as search continues for 115 missing passengers
Countries still way behind on UN biodiversity targets, research shows
Myanmar female prisoners face torture and neglect, rights group says
Venezuelan opposition leader Machado fails in return attempts as Rodriguez meets Trump
Mexico classrooms go phone-free under new school rules
Moroccans vote in election set to shape government before World Cup
In Cambodia's 'Waiting Village', tattooist mourns trade lost to war
Zelenskiy says Russia planning new mass attack on Ukraine
Trump meets Venezuela's Rodriguez for first time since Maduro's capture

Others Also Read