Ukraine military, pro-Russians clash in Donetsk
Clashes between government troops and pro-Russians once again started in the eastern city of Donetsk on Saturday. Ukrainian forces say clashes erupted as the fighters attacked them at Donetsk...
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Ukraine military, pro-Russians clash in Donetsk - Video
September 14 2014 Breaking News UKRAINE FORCES #39;REPEL REBELS in DONETSK AIRPORT #39; BREAKING
Ukrainian government troops say they have repelled an attack by pro-Russian rebels on Donetsk airport. All Saturday morning gunfire was heard from the area, controlled by government forces....
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September 14 2014 Breaking News UKRAINE FORCES 'REPEL REBELS in DONETSK AIRPORT' BREAKING - Video
NATO Nations Send Weapons to Ukraine: Defense Minister Heletey says NATO weapons en route to Ukraine
Ukrainian Defense Minister Valery Heletey has said that NATO weapons are en route to Ukraine after agreements about their delivery were reached at the NATO summit in Wales earlier in the month.Offi...
By: UKRAINE TODAY
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NATO Nations Send Weapons to Ukraine: Defense Minister Heletey says NATO weapons en route to Ukraine - Video
Anatoli Stepanov | AFP | Getty Images
An Ukrainian soldier stands guard at a checkpoint of Pletnyovka, Kharkiv region on Ukraine-Russia border, where Russian humanitarian convoy is due to cross the border on August 13, 2014.
The International Monetary fund agreed to a $17 billion bailout program for Ukraine in April, but the fund warned earlier this month the country could need as much as $19 billion in additional international financing if fighting continued in the eastern part of Ukraine.
Read MoreWhy Middle East is abigger risk than Russia
Dollar denominated Ukrainian bond yields have also climbed to unsustainable levels, with yields on 2023 paper exceeding 10 percent.
Gontareva said the IMF program had already factored in the country's bond liabilities, so no restructuring is necessary.
But head of global macro investor relations at Oxford Economics, Gabriel Sterne said Ukraine's debt levels currently looked unsustainable, predicting a default for November 2015.
Read MoreFood prices hit 4-year low, Russia ban hurts
Ukraine's shorter-dated maturities are more likely to be paid out, but holders of longer-dated maturities are at risk of a haircut, Sterne said.
"Greece's default was triggered by a too-big-to-pay bond. The date was shortly before the 12 billion euro ($15.5 billion) maturity in March 2012. We think Ukraine's mostly likely default date is November 2015, shortly before the Russian-held bond matures on 20 December," he said.
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Ukraine dismisses Greek-style debt fears
Anatoli Stepanov | AFP | Getty Images
An Ukrainian soldier stands guard at a checkpoint of Pletnyovka, Kharkiv region on Ukraine-Russia border, where Russian humanitarian convoy is due to cross the border on August 13, 2014.
The International Monetary fund agreed to a $17 billion bailout program for Ukraine in April, but the fund warned earlier this month the country could need as much as $19 billion in additional international financing if fighting continued in the eastern part of Ukraine.
Read MoreWhy Middle East is abigger risk than Russia
Dollar denominated Ukrainian bond yields have also climbed to unsustainable levels, with yields on 2023 paper exceeding 10 percent.
Gontareva said the IMF program had already factored in the country's bond liabilities, so no restructuring is necessary.
But head of global macro investor relations at Oxford Economics, Gabriel Sterne said Ukraine's debt levels currently looked unsustainable, predicting a default for November 2015.
Read MoreFood prices hit 4-year low, Russia ban hurts
Ukraine's shorter-dated maturities are more likely to be paid out, but holders of longer-dated maturities are at risk of a haircut, Sterne said.
"Greece's default was triggered by a too-big-to-pay bond. The date was shortly before the 12 billion euro ($15.5 billion) maturity in March 2012. We think Ukraine's mostly likely default date is November 2015, shortly before the Russian-held bond matures on 20 December," he said.
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Ukraine shrugs off fears of Greek-style default