MOSCOW (Sputnik) – Kiev authorities are starting talks with international creditors on sovereign debt restructuring on Friday, Ukrainian Finance Minister Natalie Jaresko has announced.
According to Jaresko, the Kiev government does not plan to insist on any approaches but will focus on "listening to their [the creditors'] point of view, how they see the situation and how we can reach an agreement."
Speaking to reporters on Thursday in Kiev, Jaresko expressed hope that Ukraine will find a solution on debt restructuring within the next two months, however, she did not reveal a list of particular creditors that the country plans to negotiate with.
According to Russian President Vladimir Putin, Kremlin has not asked Ukraine for early Eurobond repayment in a bid to help the country restore its financial system.
On Tuesday, Ukrainian President Petro Poroshenko signed off on a number of measures, including the drastic reduction of government spending and changes to the tax system, necessary to meet the approval of a loan from the International Monetary Fund (IMF).
Jaresko announced on Wednesday that Kiev expects to receive $5 billion in credit from the IMF in the coming days as part of a four-year financial aid program, which totals $17.5 billion.
The military conflict in Ukraine, which started in the spring of 2014, has had a detrimental effect on the country's economy and international credit agencies have downgraded Ukraine's debt to junk status.
Ukraine's total state debt currently stands at about $50 billion.
