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California Quest Falls Short as Ukraine Debt Talks Drag On

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After a 6,000-mile trip to the doorstep of her largest creditor and two days of talks, Ukrainian Finance Minister Natalie Jaresko is heading home without a deal as time runs out to avert a default.

The government and creditors led by Franklin Templeton were said to have agreed to continue negotiations remotely and issued a joint statement on Friday to show there’s no irreversible breakdown. But Ukraine is short on time to restructure $19 billion of debt after five months of sometimes acrimonious talks. Its economy is languishing amid signs of a pickup in separatist unrest in the country’s easternmost regions.