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Ukraine Piles Pressure on Creditors Payment-Delay Powers

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Ukraine raised the pressure on creditors to accept a writedown on their holdings as the government secured permission to halt debt payments.

The nation’s bonds slumped the most in two months as Ukraine said a proposal giving it the power to impose a moratorium on international bondholders was passed by parliament Tuesday. The nation is in a “difficult economic situation” and “repaying international debt is a question of justice,” the government said in an e-mailed statement.