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Yatseniuk says no default due to writedown of almost US$4 milliard debt
27.08.2015 17:29 "Agro Perspectiva" (Kyiv) —
A default looming ahead of Ukraine, which was predicted by experts and financial analysts for this autumn, is not part of this countrys future, as the government has managed to agree on the restructuring of US$18 milliard in debt and a 20% haircut, which is about US$4 milliard, UNIAN says referring to the Ukrainian Prime Minister Arseniy Yatseniuk report.
«Ukraine has struck a deal on restructuring and a partial writedown of its debts. Thanks to the Ukrainian finance ministers efforts, weve managed to secure the following conditions: 20% of the countrys debt will be written down by the creditors. The point at issue is almost US$4 milliard, which the government has managed to have got written off,» Yatseniuk said.
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