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Ukraine, private creditors discuss debt restructuring

June 20, 2014, 13:00 UTC+3 NEW YORK
1 pages in this article

NEW YORK, June 20. /ITAR-TASS/. Ukraine has held informal negotiations with private investors on debt restructuring in case the economic crisis in the country deepens, the Wall Street Journal reported Friday, citing a representative of the Institute of International Finance Lyubomir Mitov.

However, a restructuring decision will be made only after the International Monetary Fund assesses the scope of Ukrainian financial problems, because any such restructuring must be approved by the fund.

The IMF said that the debt does not require a restructuring at the moment, while the Institute of International Finance said it should not be ruled out.

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