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Ukraine Calls Thursday Creditor Talks, Says Week ‘Decisive’

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Ukraine called a meeting with its creditors for Thursday and said this week will be crucial in reaching a $19 billion restructuring deal as time runs short for executing any agreement.

“Given the legal considerations around timely implementation of the proposal, this week will be decisive for the negotiations,” the Finance Ministry said in an e-mailed statement Tuesday as it sent a revised proposal to a Franklin Templeton-led creditor committee. Creditors requested a meeting in London at the “highest level.”