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.
Israeli forces killed a Palestinian teenager in the occupied West Bank city of Hebron late on...
Donald Trump has again lashed out at Germany’s chancellor, Friedrich Merz, saying he should focus on...
Israel’s Chief Rabbinate has declined to condemn the smashing of a statue of Jesus by a...
Israel is in crisis. Since October 2023 it has been in a permanent state of war...
