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Bloomberg: Ukraine considering debt restructuring for $1.4 billion redemption and interest payments.

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Several options are being considered but a decision is not likely to be made until late in the summer, Bloomberg reports citing three people familiar with the matter. Ukraine has time until at least Sept. 1, when it faces a $1.4 billion redemption and interest payments, according to Bloomberg calculations. Ukraine might use Russia’s frozen assets as collateral, though the legal viability of such an idea is unclear, sources said.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The railway operator initially reported that the passenger train's driver suffered a leg injury and four passengers required medical attention. The crew of the electric locomotive was unharmed.

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"The government looks forward to the smooth resolution of all pending issues between the two countries and will continue consultations with the Ukrainian side to this end," the South Korean Foreign Ministry said in a press release.

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