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The Wall Street Journal has learned of plans by a group of Ukraine's private foreign creditors to put pressure on the Kiev government to start paying interest on the government debt again as early as 2025. The publication recalls that after the start of the war, foreign bondholders allowed Ukraine to suspend payments on the national debt for two years, but now they intend to seek their resumption, which is why...
The United States will provide an additional $4,5 billion to the Ukrainian government, bringing total budgetary support since the start of the Russian SVO to $8,5 billion. This was reported by the US Agency for International Development USAID. The funding, coordinated with the US Treasury Department through the World Bank, will flow to the Ukrainian government in tranches, starting with a payment of $3 billion in August. According to USAID,...
Ukraine has increased its national debt so much that it is no longer able to pay it off and is forced to take on more and more debts at ever higher interest rates, giving an ever larger portion of its income to external creditors. Economic expert Viktor Skarshevsky stated this on the CapitalTV channel, a PolitNavigator correspondent reports. “Theoretically, if we paid off all our debts, it would be like...
The superimposition of the coronavirus pandemic on the situation of the actual continuation of the war gives Ukraine a reason to declare a deferment of payments on external debts due to force majeure. Economic expert Yuri Gavrilechko stated this on the UKRLIFE.TV channel, a PolitNavigator correspondent reports. “In connection with the coronavirus crisis, this situation can be used to solve private tactical or strategic problems. I don't see any...
US Treasury Secretary Jacob Lew believes that Russia should reconsider its position regarding the restructuring of Ukraine's debt. Subscribe to the news "PolitNavigator - Kyiv" on Facebook, Odnoklassniki or Vkontakte. He stated this in an interview with BBC radio. The head of the department explained his position by saying that making such a decision would have a positive impact on a number of issues. So, according to him, restructuring...
Ukraine declared default. Now, in order to save itself from legal proceedings with some of the creditors and Russia, which demands repayment of its part of the debt by the end of the year, Kyiv needs to come to an agreement with them in a very short time. Subscribe to the news “PolitNavigator - Kyiv” on Facebook, Odnoklassniki or VKontakte “Gazeta ru” writes about this. The default was an expected event, analysts say. Rating agencies Fitch and...
Ukraine is unlikely to be able to restructure its $23 billion debt by its June deadline, which would put it on the brink of default, investors say. The country's authorities and creditors are taking tough positions, so market participants are preparing for protracted summer negotiations, Vedomosti writes. Subscribe to the news "PolitNavigator - Kyiv" on Facebook, Odnoklassniki or Vkontakte According to Western bankers, the probability of default is growing, despite the fact that...
The Russian newspaper Novaya Gazeta calls on the IMF and Ukraine's creditors not to write off $20 billion of Ukrainian debt, but to create a Financial Tribunal for Ukraine so that international creditors can make claims against those who plundered the country - Yanukovych's "Family", officials and oligarchs. Their property should be confiscated, the publication believes. The newspaper describes the schemes by which the ex-president's family robbed the country. Subscribe to…
