Finance minister hails ‘collaborative’ agreement that will plug $15bn funding gap and allow increased defence spending in country’s war-torn east Ukraine’s finance minister said a “win-win” deal for restructuring $18bn (£11.6bn) of debt had been agreed with a group of its largest creditors, involving a 20% reduction in the total to be repaid. The agreement ends more than five months of sometimes bitter negotiations aimed at plugging a $15bn funding gap in Ukraine’s finances, which are suffering from the economic damage caused by the fighting in the east with pro-Russian separatists. Related: Ukraine calls for further military and financial …read more
Source: The Guardian
