AFP, KIEV: Ukraine and its biggest creditors failed to strike a deal Thursday on the second day of talks aimed at finding a workable solution for keeping the ex-Soviet country from hurtling into default.
A brief joint statement issued by Ukraine's finance ministry and the Ad-hoc Committee of Noteholders to Ukraine said the discussions were "detailed" but provided no immediate guidance as to the progress made.
"The Ukrainian delegation and the ad hoc creditors' committee held detailed discussions in San Francisco. Talks are on going," it said.
A source close to the discussions said that no person-to-person talks at the headquarters of the Franklin Templeton investment giant on the outs-kirts of San Francisco had been planned for Friday. "Discussions will continue over the phone," the person told AFP.
Templeton and three other financial titans hold two-
thirds of the $15.3 billion in savings that cash-strapped Ukraine is seeking on its total foreign debt over the coming four years.