Russia, Ukraine fail to reach deal on Kiev debt to Moscow, talks to continue

Russian Finance Minister Anton Siluanov speaks during a news conference after a meeting dedicated to the BRICS summit in Moscow, Russia, July 7, 2015. REUTERS/BRICS Photohost/RIA Novosti

LIMA (Reuters) - Russian Finance Minister Anton Siluanov and his Ukrainian counterpart, Natalia Yaresko, failed to reach a deal at their meeting on Friday on restructuring Kiev's $3 billion (£2 billion) debt to Moscow, but agreed to continue talking.

Ukraine has agreed a debt restructuring deal with a group of its largest creditors in order to plug a $15 billion funding gap under an International Monetary Fund-led $40 billion bailout programme, but major creditors still need to approve the plan.