Ukraine

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Ukraine Plays Hardball On Bank Debt Restructuring

Ukraine plans to tell investors on Friday that it will allow a state-owned bank to default unless a deal with creditors can be agreed as the embattled country takes an ever tougher approach to debt negotiations, the Financial Times reported. While at ...

Daily Headline - global.abi.org - 04/16/2015 - 22:00 - 0 comments

Ukraine Warns Creditors as Debt Restructuring Looms

Ukraine Finance Minister Natalie Jaresko has a warning for creditors of the war-torn country: Come to the table now to restructure $40 billion in debt or face the risks of an uncertain economic, political and military climate down the road, The Wall St ...

Daily Headline - global.abi.org - 04/14/2015 - 21:53 - 0 comments

Holders of $10 Billion of Ukraine Debt Work on Restructuring Plan

Investors holding $10 billion of Ukrainian debt have joined forces to develop a restructuring plan for the country’s debt that won’t involve a reduction in the principal value of the bonds, according to financial and legal advisers of the group, The Wa ...

Daily Headline - global.abi.org - 04/09/2015 - 21:20 - 0 comments

Ukraine Warns On Debt Haircuts

Ukraine has warned debtholders including Russia that they should prepare to lose money as the war-ravaged country seeks to stave off a default, the Financial Times reported. Natalie Jaresko, Ukraine’s finance minister, made the comments to investors ...

Daily Headline - global.abi.org - 03/15/2015 - 21:20 - 0 comments

Ukraine Bailout Based on Cease-Fire with Russia-Backed Separatists Holding

The International Monetary Fund’s bailout of Ukraine is based on a fragile cease-fire holding between Kiev and Russia-backed separatists in the east, IMF officials said Thursday, The Wall Street Journal reported. The IMF’s assumption of a “non-intens ...

Daily Headline - global.abi.org - 03/12/2015 - 22:53 - 0 comments

IMF Approves Bigger Ukraine Bailout

The International Monetary Fund on Wednesday approved a bigger, high-risk bailout for Ukraine, giving Kiev immediate access to $5 billion of $17.5 billion in emergency IMF credit in another bid to keep the embattled country afloat, The Wall Street Jour ...

Daily Headline - global.abi.org - 03/11/2015 - 22:24 - 0 comments

Ukraine Withdraws Weapons Amid Debt Restructuring Moves

Ukraine pledged to remove heavy weapons from conflict-hit eastern areas as public finances ruined by the war made it necessary to start restructuring public debt, Bloomberg News reported. The truce agreed in Minsk last month has largely held, with some s ...

Daily Headline - global.abi.org - 03/05/2015 - 00:11 - 0 comments

Ukraine Central Bank Raises Key Rate to 30%

The central bank pushed lending rates even higher Tuesday in an attempt to stabilize Ukraine’s beleaguered currency and hold its financial system together until promised international loans arrive later this month, The Wall Street Journal reported. T ...

Daily Headline - global.abi.org - 03/03/2015 - 22:35 - 0 comments

Ukraine’s Economy: The Day Of Reckoning

It may go down as one of the least effective bail-outs the world has ever seen. Not Greece’s, but Ukraine’s, The Economist reported. Just two weeks ago Christine Lagarde, the head of the International Monetary Fund (IMF), promised Ukraine $40 billion ...

Daily Headline - global.abi.org - 02/26/2015 - 21:57 - 0 comments

Ukraine’s Central Bank Limits Access to Foreign Currency

Ukraine’s economic woes deepened Wednesday as its central bank drastically limited access to foreign currency in an effort to halt the hryvnia’s free fall, and Russia threatened to halt natural-gas deliveries, The Wall Street Journal reported. The hr ...

Daily Headline - global.abi.org - 02/25/2015 - 22:04 - 0 comments

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