Ukraine Asks Creditors to Reach Deal Now or Risk Bigger Cuts

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Ukraine’s Finance Minister Natalie Jaresko urged the nation’s bondholders, including Russia, to negotiate a debt-restructuring agreement now or risk facing bigger losses.

“This is the best time for us to do this,” Jaresko said in an interview in London on Tuesday. “The situation is relatively peaceful now. They do not want to be in a situation where there is an uncontrolled situation and we are forced to do a much worse deal for them.”