The Ministry of Finance: conversations with creditors will begin in the upcoming week
Denis Voroshilov. The Ukrainian authorities will start conversations with creditors to restructure the debt at the beginning of the next week, said the head of the Ukrainian Ministry of Finance Natalie Jaresko.

Denis Voroshilov. The Ukrainian authorities will start conversations with creditors to restructure the debt at the beginning of the next week, said the head of the Ukrainian Ministry of Finance Natalie Jaresko.
A new credit facility from the IMF to Ukraine, replacing stabilization program stаnd by, provides for the allocation of Fund 17, 5 billion dollars, and all international creditors in four years - USD 40 billion, including fifteen billion dollars through debt restructuring. In may-June will be another test run of Kiev of the new conditions of the IMF program.
"I think that any special creditors' Committee shall be formed for several days. We hope to start a discussion by Monday or Tuesday of the coming week, " said Yaresko, a speech Tuesday in London.
in her expressions, Ukraine does not want to give priority to one or another group of creditors, and among them the Russian Federation. The Minister also said that Ukraine will not be able to make another payment in the amount of USD 750 million on redemption of the bonds on April 27.
"It would be pointless to make this payment and conduct dialogues with creditors. It is psychologically impossible, It does not fit in the balance of payments, " Jaresko said. Before the interview to Bloomberg, the Minister said that Ukraine needs to come to a common understanding with creditors on debt restructuring before the end of may, and investors have already realized the need to revise the payments. Ukraine has already received 1st tranche under the new IMF program is 5 billion dollars in 2015 it is expected to allocate 10 billion.
The largest holders of Ukrainian Eurobonds are the investment Fund Franklin Templeton (2013 received 7 billion of Ukrainian external debt, or about a quarter of all notes) and RF - 3 billion maturing before the end of 2015. Deputy head of the Ministry of Finance of the Russian Federation Sergei Storchak on March 17, stated that the IMF program for Ukraine debt restructuring involves only private sector debt to Russia in this category misses, Russia still expects repayment of the debt at the beginning of winter.