Tensions in ukraine notched up on both the military and financial fronts last week as fighting continued in the east of the country and the Kiev government moved to appoint Lazard as its financial adviser ahead of a possible restructuring of its debts. The previous week, Ukraine's finance minister Natalia Yaresko confirmed that the country was seeking to speak to creditors about options around its estimated US$70bn of sovereign debt, which include potentially extending maturities or a haircut Now sources have told IFR that Lazard has been appointed to lead negotiations, though no other banks have been appointed. Lazard declined to comment.
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