logo_headerWednesday, September 28, 2022

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

This item is part of our running news digest

August 10, 2022 9:57 pmby The Kyiv Independent news desk
Share:

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.

externalGo to the source of this newsSEE OUR NEWS DIGEST
The Kyiv Independent news desk
Author:  The Kyiv Independent news desk
Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.