Embattled Ukraine fights for debt deal on financial front

KIEV: As government troops face off against pro-Russian separatists, Ukraine is also maneuvering on the financial front, scrambling to stave off disaster by renegotiating its foreign debts.

Kiev’s pro-Western government owes billions of dollars to US and London-based investors, among others, as well as Russia, its rival in the current conflict that has pushed Ukraine’s recession-hit economy to the brink.