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Reuters: Ukraine's overseas creditors agree on 2-year freeze on almost $20 billion worth of debt

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Ukraine's overseas creditors backed a request to postpone sovereign interest and capital payments for 13 Ukrainian sovereign bonds maturing in the 2022-2023 period, Reuters reported, citing a regulatory filing. Ukraine, for whom the move would help avoid a messy debt default as Russia continues to wage war in the country, said it would save around $5 billion over the next two years as it manages its shrinking resources.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The budget foresees Hr 4.8 trillion ($115 billion) in expenditures and Hr 2.9 trillion ($70 billion) in revenues — meaning a deficit of 18.5% of GDP, according to Kyiv-based think tank Center for Economic Strategy (CES).

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