Ukraine and creditors lock horns over debt writedown


  • World
  • Saturday, 06 Jun 2015

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.

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