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.
For two decades, Muhammad Abdulrahman, 58, lived with his wife and his beehives on a remote...
Palestinian sources report that at least 11 Palestinians were wounded in multiple attacks by settlers across...
The U.S. is preparing to announce a transition into the second phase of its Gaza 20-point...
Ireland, the Netherlands, Slovenia and Spain have said they will boycott next year’s Eurovision Song Contest,...
