![As Russia's war rages, Ukraine struggles to renegotiate $20 billion debt deal amid looming deadline](https://assets.kyivindependent.com/content/images/2023/08/Marchenko.jpg)
As Russia's war rages, Ukraine struggles to renegotiate $20 billion debt deal amid looming deadline
With Ukraine desperately seeking cash to fund its defense and wartime budget needs, the country is running out of time before an August 1 deadline to agree with creditors on what portion of its foreign debt will be written off as a so-called “haircut.” In 2022, Ukraine and its creditors