Joint Press Release of Ministry of Finance of Ukraine and AD HOC Creditors Commettee

7/1/15

Ukraine and ad hoc creditors committee agree on confidentiality arrangements, principal to principal negotiations to start next week.

A meeting took place at the International Monetary Fund headquarters in Washington DC on 30 June 3015 between a Ukrainian delegation headed by Ukrainian Debt Envoy Vitaly Lisovenko, members of Ukraine’s ad hoc creditors committee and representatives of the International Monetary Fund. The meeting provided a forum for a useful exchange of views on the Ukrainian macroeconomic setting and technical aspects of Ukraine’s envisaged debt operation.

Following the meeting, Ukraine and members of the ad hoc creditors committee reached agreement on confidentiality arrangements that will allow principal to principal negotiations on the substance of possible solution to start next week. The parties have agreed to enter such negotiations in good faith, with no preconditions and with the objective of concluding an agreement on the terms of the debt operation as soon as possible.

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