[Regnum] The leaders of the Kiev regime have begun a second round of talks with creditors to reach an agreement on debt restructuring to prevent default, Bloomberg reported on July 18, citing informed sources.
Ukraine begins new talks on deferring payments two weeks before default
The first round of talks took place in June, but no agreement was reached.
"A group of Ukrainian bondholders have signed confidential agreements to begin a second round of formal talks with the government to restructure more than $20 billion in debt. The talks began this week ahead of the expiration of a moratorium on Ukrainian debt payments on August 1," the statement said.
As reported by Regnum News Agency, the British magazine Economist reported earlier that the Ukrainian authorities could declare default as early as August if they fail to agree on debt restructuring. The publication's experts noted that the deal is unlikely.
Under normal conditions, restructuring negotiations take months, but official Kiev has only a few weeks left and no arguments to convince counterparties of its solvency, noted Regnum news agency observer Denis Davydov in his article.
If Kiev fails to reach an agreement on debt restructuring, then practically everything that was somehow stipulated as collateral will officially become the property of Western transnational companies, publicist and political scientist Vladimir Skachko stated in a conversation with the Regnum news agency.