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Ukraine says committed to good faith talks with Russia on $3 billion bond


    KIEV (Reuters) - Ukraine's Finance Ministry said on Thursday it was committed to negotiating in good faith a restructuring of a $3 billion (2.1 billion pounds) Eurobond held entirely by Russia, after the International Monetary Fund ruled the bond was sovereign rather than private debt.

    In a statement, the ministry repeated it would not repay the bond in full when it matures on Dec. 20.

    However, "Ukraine remains committed to negotiating in good faith a consensual restructuring ...which will allow it to remain in compliance with the financing targets agreed with the IMF," it said.

    (Reporting by Alessandra Prentice; editing by John Stonestreet)