Kiev says it will stop servicing its $23bn debt unless progress is made in restructuring talks with foreign bondholders soon Ukraine has offered an updated debt restructuring proposal to creditors, its finance minister says, warning that Kiev would halt debt payments if bondholders did not make use of this last chance to clinch a deal in coming talks. Ukraine is negotiating with foreign bondholders to restructure $23bn (£14.5bn) of debt, but talks have soured over a disagreement on the necessity of a writedown on the principal of the bonds. Related: ‘A true friend’: Ukraine president asks Tony Blair to …read more
Source: The Guardian
