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Russia, Ukraine Fail to Reach Debt Deal

Russia, Ukraine Fail to Reach Debt DealRussia, Ukraine Fail to Reach Debt Deal

Russian Finance Minister Anton Siluanov and his Ukrainian counterpart, Natalia Yaresko, failed to reach a deal at their meeting on Friday on restructuring Kiev’s $3 billion (£2 billion) debt to Moscow, but agreed to continue talking, Reuters reported. Ukraine has agreed a debt restructuring deal with a group of its largest creditors in order to plug a $15 billion funding gap under an International Monetary Fund-led $40 billion bailout program, but major creditors still need to approve the plan.

Financialtribune.com