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.
Russian forces carried out around 700 strikes across Ukraine’s southeastern Zaporizhzhia region over a 24-hour period,...
Karim Khan, the chief prosecutor of the International Criminal Court, has been cleared of all wrongdoing...
Socialist candidate Emmanuel Grégoire won the Paris race Sunday, succeeding fellow party member Anne Hidalgo as...
After the fourth winter of the full-scale war, Ukraine’s energy system is emerging from one of...
