Automatically translated version. May contain inaccuracies compared to the original.
YARESKO AND CREDITORS FAILED TO REACH AGREEMENT IN SAN FRANCISCO
Ukraine continues to hold negotiations with the Ukraine special committee regarding the restructuring of its external debt by phone and via Skype. This was stated by Deputy Finance Minister Ihor Umanenko in a comment to the Ukrinform news agency.
“Negotiations are ongoing. By phone and Skype. Mostly by Skype,” Umanenko replied when asked about the next round of talks with creditors.
He added that Finance Minister Natalia Yaresko returned from another round of talks in San Francisco on Sunday.
Earlier the Finance Ministry said that the talks in San Francisco, which began on 12 August, were final.
The ministry hinted that if an agreement could not be reached at these negotiations, Ukraine might use “alternative mechanisms to secure financing for its cooperation program with the IMF.”
Most financiers interpreted this as using a moratorium on external debt payments. In particular, when repaying eurobonds of 500 million dollars in September.
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