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.
Amid an unforgiving global news cycle – and as nations weigh their options in responding to...
A Maronite parish priest, Father Pierre Al-Rai, was killed and at least five people were injured...
Colonel Oleksandr Dovgach, commander of the 39th Tactical Aviation Brigade and a Hero of Ukraine, was...
Israeli settlers shot and killed three Palestinians in the occupied West Bank over the weekend, amid...
