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.
India on Thursday criticised as inappropriate a post by Donald Trump in which he shared comments...
A Russian overnight attack on Dnipro hit a multi-story residential building and injured seven people, including...
As he attempts to wind down the regional war in the Middle East he kicked off...
Former Israeli prime minister Ariel Sharon, when asked to explain the apparent about-face that led him...
