Media: Between Kiev and creditors remain deep divisions

Dialogues holders of Ukrainian bonds and Kiev have the opportunity to come to a standstill, writes the wall Street Journal on the results held in the last weekend of negotiations on the restructuring of external debt of Ukraine.
"Both sides are too far from being able to work out an agreement by the deadline, coming in June - leads print edition of the word Andrew Metheny, analyst at investment Bank Goldman Sachs.- thus, the most probable outcome will be the occurrence of deadlock in the negotiations that might lead to the introduction of Ukraine of the moratorium on debt repayment.
dialogues with Ukraine leads the Committee, of which investment funds T. Rowe Price, TCW Group, BTG Pactual and Franklin Templeton, reports news Agency. They own, according to the newspaper, the Ukrainian debt in the amount of 8, 9 billion dollars, in addition, the share Franklin Templeton at the end of December last year amounted to about $ 4 billion. The creditors Committee also maintains regular contacts with all other holders of Ukrainian bonds, which are not part of the Department ". According to the newspaper, the Committee sent to the Ministry of Finance of Ukraine " detailed proposal, which, in the opinion of the division meets the objectives of the Ministry, but not for any diminution in principal amount of the debt and to ensure a solid Foundation for economic recovery." Any other details of the offer, not given.


sections: Politics