Ukraine sends new debt proposal to creditorsStaff writer ▼ | August 5, 2015
Ukraine said it expected decisive negotiations this week after it sent a fresh debt restructuring proposal to a group of its largest creditors.
Politics and business Talks to restructure $23 billion
The International Monetary Fund, whose $40 billion bailout package for Ukraine depends on Kiev making $15 billion in savings via debt restructuring, has repeatedly urged both sides to reach an agreement quickly.
The Finance Ministry said it had sent a new proposal to the creditor group on Tuesday morning.
"Given the legal considerations around timely implementation of the proposal, this week will be decisive for the negotiations. Accordingly, the ministry has called on creditors to attend at the highest level a meeting in London on Thursday," it said. ■