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Ukraine's restless lenders question sweetened debt deal

A man walks past a currency exchange shop in the eastern Ukrainian city of Donetsk on March 1, 2015Ukraine’s main debt holders responded with extreme caution Monday to a sweetened but “final” debt restructuring offer that would keep the war-torn nation from imposing a repayment moratorium next month. Franklin Templeton and three other US financial titans own about two-thirds of the debt upon which Ukraine is trying to find savings of $15.3 billion (13.5 billion euros) over the coming four years. The IMF is almost certain to keep meting out upcoming loan payments in return for Ukraine’s commitment to an unpopular but much-delayed break with its Soviet-era subsidies programme and tradition of sweetheart business deals.

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