KIEV, May 12 – State-owned Ukrzaliznytsia, which unites all of Ukraine's railway companies, has notified creditors of the occurrence of a technical default on its debt obligations, a cross-default on eurobonds worth $500 million and has announced its plan to restructure its internal and external debts worth UAH 32 billion.

"Today we have notified our creditors of technical default on a number of Ukrzaliznytsia's obligations," Ukrzaliznytsia acting CEO Maksym Blank said at a briefing in Kiev.