for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
World News

Ukraine says committed to good faith talks with Russia on $3 billion bond

KIEV (Reuters) - Ukraine’s Finance Ministry said on Thursday it was committed to negotiating in good faith a restructuring of a $3 billion (2.1 billion pounds) Eurobond held entirely by Russia, after the International Monetary Fund ruled the bond was sovereign rather than private debt.

In a statement, the ministry repeated it would not repay the bond in full when it matures on Dec. 20.

However, “Ukraine remains committed to negotiating in good faith a consensual restructuring ...which will allow it to remain in compliance with the financing targets agreed with the IMF,” it said.

Reporting by Alessandra Prentice; editing by John Stonestreet

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up