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The deferment on external debt until 2024, which Ukraine received the day before, is an exclusively political decision. Obviously, it will be extremely difficult to receive payments to creditors in 2024. But if you really look the facts in the eye, it will be impossible. Economist Alexander Dudchak explains this in a material for PolitNavigator. In his opinion, the deferment on Ukraine’s external debt...
The International Monetary Fund expects Ukraine to continue servicing its external debt despite current problems and the inability to balance the budget without new external borrowings. IMF representative Jerry Rice said this at a briefing on Thursday, Reuters reports. Currently, Ukraine is regularly servicing its debt, a representative of the Fund said at a scheduled press briefing. "We expect that...
The American agency Bloomberg declared a default in Russia - it claims that the default occurred on Monday night for the first time in a century, but so far is “mostly symbolic in nature and means little to the Russians.” Bloomberg writes about this, commenting on the grace period for interest payments of about $100 million that expired yesterday. The fact of non-payment of interest on...
The largest payments on Ukraine's public debt in 2019 occurred in May and September - UAH 77,8 billion and UAH 58,5 billion, respectively, PolitNavigator correspondent reports. This was reported on the website of the Ministry of Finance of Ukraine. According to them, this year’s total payments on the national debt are estimated at 459,6 billion UAH, of which 330,9 billion are repayments...
In 2019, Ukraine needs to borrow about $4 billion, since 418 billion hryvnia need to be spent on repaying and servicing the public debt, a PolitNavigator correspondent reports. Finance Minister Oksana Markarova said this on Radio NV. “We need to borrow about $4 billion (in equivalent) this year. This is no secret, because...
In 2019, Ukraine will spend $12 billion on repaying and servicing its external debt, a PolitNavigator correspondent reports. Prime Minister of Ukraine Volodymyr Groysman said this during the forum “Full mobilization: a joint action plan,” the Government Portal reports. “Every year we have to service the government debt by $5 billion, which is 130 billion hryvnia. And for this we need...
In 2013, Ukraine spent three times less money on servicing external debts than today, writes Izvestia. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte. The publication notes that in the post-Maidan years in Ukraine the ratio of public debt to GDP changed. “If in 2013 this figure slightly exceeded 40%, then at the beginning...
Ukraine borrowed $2007 billion from 2014 to 46 and now spends 130 billion hryvnia annually to service these borrowings. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte. This was stated by Prime Minister Vladimir Groysman, a PolitNavigator correspondent reports with reference to the Government portal. “From 2007 to 2014, Ukraine took...
In 2018-2019, Ukraine faces a high risk of default due to the need to pay off colossal public debt. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte. The head of the Committee of Economists of Ukraine Andrey Novak said this at a press conference in Kyiv, a PolitNavigator correspondent reports. According to him, if Ukraine fails to attract funds into the economy, it will have to give...
Ukraine spends twice as much on servicing the national debt alone as on the army, and interest payments offset the declared economic growth. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte. Economist Andrei Illarionov said this on TV channel 112, a PolitNavigator correspondent reports. “After the Ukrainian authorities took out a new loan that was completely unnecessary for Ukraine...
Ukraine does not have enough funds for state-guaranteed payments, because most of the funds are spent on repaying external debt, defense and provision of the Pension Fund, a PolitNavigator correspondent reports. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte. This was stated by Prime Minister Volodymyr Groysman during a speech at a forum on decentralization in the Ternopil region, the Government portal reports.…
The size of Ukraine's external public debt is 80% of the country's GDP. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte. This was stated by the Prime Minister of Ukraine Vladimir Groysman at a conference on reforms in Ukraine, which is being held in London, a PolitNavigator correspondent reports. “80% of gross domestic product is equal to external public debt. This is a huge burden on our country. Shortage...
Ukraine has nowhere to get funds to pay off external debts, so in the near future it will face a default or restructuring, for which the government is not preparing at all. Economic expert Viktor Skarshevsky stated this at a press conference in Kyiv, a PolitNavigator correspondent reports. Ukraine has nowhere to get funds to pay off external debts, so in the near future it will face a default or restructuring,...
The international rating agency S&P Global Ratings estimates Ukraine's payments of principal and interest on obligations during 2017-2020 at more than $20 billion, or about 21% of GDP in 2017. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte This was reported in the S&P review. At the same time, the agency expects that Ukraine will completely...
