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2 state-owned companies in Ukraine ask international creditors to freeze debt payments for at least 2 years

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Prime Minister Denys Shmyhal said Ukraine's Cabinet of Ministers offered Eurobond holders of state road agency Ukravtodor and electricity grid operator Ukrenergo to defer interest payments until the end of 2024. The total bond value of the two companies is $1.5 billion. “Currently, the state is collecting all available resources for priority needs: financing the army, preparing for the heating season, paying pensions, and rebuilding critical infrastructure,” Shmyhal said.

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The Kyiv Independent news desk

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The Verkhovna Rada failed to gather enough votes for some bills demanded by the EU and the IMF, and one bill necessary for European integration was passed but was lambasted by experts as "imitation" rather than genuine progress.

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