Ukraine does not know where to get $64 billion to pay off its debts
Kiev does not have enough currency to service external debts, and therefore for these purposes it is planned to issue Eurobonds denominated in dollars, Izvestia writes.
Subscribe to PolitNavigator news at Telegram, Facebook, Classmates or In contact with
“Ukrainian media, having read the prospectus for the Eurobond issue, reported that in 2018–2022 the country will have to repay a debt totaling $64,2 billion. Of this, 35,5 billion are internal obligations and 28,7 billion are external. In general, Ukraine’s public debt in July increased by 1,4%, to $76,06 billion. In 2018, Kiev will have to pay (taking into account external and internal debt, as well as interest) $10,94 billion, in 2019 - 11,56, 2020 billion, in 13,71 - 2021 billion, in 14,08 - 2022 billion and in 13,92 - another XNUMX billion,” the publication notes.
At the same time, experts say that for such an unstable and economically weak state as Ukraine, the debt situation poses a huge problem.
“Currently, Ukraine’s public debt exceeds 80% of GDP, and in general this would hardly be a critical value if we were talking about a stable and developed state. But in the case of Ukraine, whose budget is tied to credit support, this is a big problem,” said leading AMarkets analyst Artem Deev.
But according to Alor Broker analyst Kirill Yakovenko, conditions for Ukraine’s default will develop earlier than in 2019.
“It is likely that this will happen in the second half of 2018,” Yakovenko does not rule out.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.