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.
US intelligence assessed that Ukraine recaptured around 400 square kilometers of territory after Ukrainian officials disabled...
Irish author Sally Rooney, whose stance in support of Palestine has earned international attention, has confirmed...
Following pressure from the U.S., the Palestinian Ambassador to the United Nations is withdrawing his bid...
A massive overnight Russian drone strike partially destroyed a multi-story residential building in Konotop, Sumy Oblast,...
