KIEV, Jan. 27 - Ukraine plans to borrow on the foreign market in April-May and has already begun talks on the matter, acting Finance Minister Ihor Umansky said.

"Perhaps we will manage to do it in the first quarter. But in April-May we definitely can and will get to foreign markets," he said. "We already have proposals from a host of investment banks and funds," he told journalists in Kiev on Wednesday.

Umansky did not disclose the amount of the borrowing, saying that talks are underway with potential investors.