27-08-2015 17:08 via news.yahoo.com

Ukraine reaches 'win-win' deal with creditors on $18 billion debt

Ukraine reached what its finance minister called a "win-win" deal with its largest group of creditors to ease repayments on its $18 billion debt, winning breathing space for an economy drained by the cost of fighting with pro-Russian separatists. The agreement, which includes a write-down of 20 percent of the principal owed, ended months of tense negotiations aimed at helping to keep Ukraine on track with its International Monetary Fund-led bailout program, plugging a funding gap and preventing
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