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

Venezuelan mother dies 10 days after state confirms missing son died in custody
Hantavirus-hit cruise ship due to arrive at Rotterdam port as final destination
3 missing after 5.2-magnitude earthquake hits south China's Guangxi
Random shootings leave 4 injured in U.S. Texas
North Korea's Kim calls for stronger frontline units to deter war, KCNA says
Military jets' crew members safely ejected after Idaho air-show collision, Navy says
"Michael" regains No. 1 spot at North American box office
Saudi says it intercepted three drones that entered from Iraqi airspace
Canada confirms 1st hantavirus case
5 killed, 15 wounded in Israeli strikes across S. Lebanon

Others Also Read