Ukraine can't meet IMF terms for a bailout unless creditors write down 40% of the sovereign bonds they hold, a source said on Thursday in comments that suggest talks are deadlocked. Finance Minister Natalia Yaresko suggested the 40% haircut on the bonds earmarked for restructuring during a visit to Washington on Wednesday. A source familiar with the discussions and close to the Finance Ministry said: "The ministry has calculated that a 40% haircut is needed to hit IMF targets." But a source close to the bondholder committee described as factually incorrect any suggestion that only a large principal haircut would allow Kiev to meet the IMF targets.
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