President Volodymyr Zelenskyy’s government said on Monday that it won support from investors to reduce the face value of the debt by more than a third, paving the way for a formal restructuring in the coming weeks.
The agreement will replace a two-year moratorium on bond payments that was granted after Russia’s full-scale invasion of Ukraine in 2022 but was due to expire next month.
Ukraine sought debt relief as part of its conditions for continuing bailout loans from the IMF, which said it had endorsed Monday’s deal alongside backing from the US, UK and other allies that are financing Kyiv’s war effort.
Ukraine finalised terms last week during talks with a committee of bondholders, as well as other investors, which together own about a quarter of the debt.
On Tuesday, lists of names were nailed to wooden boards outside the gates of the Omid...
President Donald Trump joked about the 1941 bombing of Pearl Harbor during a meeting with Japanese...
For over a year, Israel, Washington and even Lebanon’s government have been speaking as if Hezbollah...
Ongoing diplomatic efforts involving Ukraine, the US and Russia have been temporarily put on hold as...
