President Volodymyr Zelenskyy’s government said on Monday that it won support from investors to reduce the face value of the debt by more than a third, paving the way for a formal restructuring in the coming weeks.
The agreement will replace a two-year moratorium on bond payments that was granted after Russia’s full-scale invasion of Ukraine in 2022 but was due to expire next month.
Ukraine sought debt relief as part of its conditions for continuing bailout loans from the IMF, which said it had endorsed Monday’s deal alongside backing from the US, UK and other allies that are financing Kyiv’s war effort.
Ukraine finalised terms last week during talks with a committee of bondholders, as well as other investors, which together own about a quarter of the debt.
Pressure is mounting on Israel to scrap its plans to expand settlements in the West Bank...
For 200 days, Abu Ismail Hammad has been digging beneath his home in Gaza City, painstakingly...
Ukrainian forces repelled major Russian assaults in a single day in the Pokrovsk direction (Donetsk region),...
Israel’s government is deepening a push by far-right ministers to expand its authority and settlements in...
