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M. Continuo

Ukraine's Kiev city to halt foreign debt payments in 2015 - statement


    KIEV (Reuters) - The city council of the Ukrainian capital Kiev said on Thursday it would impose in 2015 a moratorium on payments on its foreign debt, which has been included in the Finance Ministry's restructuring of sovereign and sovereign-guaranteed bonds.

    Ukraine has included Kiev's foreign debt of $550 million in its debt operation, with which it is seeking to plug a funding gap of around $15 billion under an International Monetary Fund-led bailout programme.

    (Reporting by Alessandra Prentice; Editing by Janet Lawrence)