![Ukraine reaches preliminary deal with bondholders on debt restructuring](https://assets.kyivindependent.com/content/images/2023/08/Marchenko.jpg)
Ukraine reaches preliminary deal with bondholders on debt restructuring
Based on the deal, Ukraine stands to save $11.4 billion over the next three years and $22.75 billion by 2033, Prime Minister Denys Shmyhal explained.
Based on the deal, Ukraine stands to save $11.4 billion over the next three years and $22.75 billion by 2033, Prime Minister Denys Shmyhal explained.
There is no indication that Ukraine's infrastructure agency has misused foreign funds, the EU Delegation to Ukraine told the Kyiv Independent on July 7.
Ukraine's Finance Ministry accused the agency of misuse of Western funds in a response to Ukrainian online newspaper Ekonomichna Pravda. Specifically, the ministry claimed that the EU Delegation to Ukraine was unhappy with the agency failing to use the 150 million euros allocated by the European Commission.
Ukraine needs $9.5 billion for rapid recovery this year, namely in the defense industry, energy, housing, agricultural, natural resources, and the IT sector, the Finance Ministry said on June 20.
Ukraine's and Germany's finance ministries signed on June 11 a joint declaration of intent on plans to strengthen bilateral cooperation to support Ukraine's recovery after the end of Russia's full scale war, Reuters reported.
After the review, nearly $2.2 billion in funds may be allocated in June under the EFF.
"Thanks to the funds raised from domestic government bonds, we were able to finance more than 200 days of our security and defense, which is equivalent to 15% of Ukraine's GDP (gross domestic product) in 2023. Investments in government bonds have become the second largest source of financing for the State Budget after international aid," Finance Minister Serhii Marchenko said.
The following is the Feb. 20, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Tokyo summit Japanese and Ukrainian representatives met in Tokyo on Feb. 19 to foster dialogue between both government