Home » today » World » Ukraine at Danger of Default on Debt IDR 328 T

Ukraine at Danger of Default on Debt IDR 328 T


The federal government of Ukraine has introduced that it is ready to pay the overseas debt. This announcement was made after the failure of a debt restructuring settlement with a gaggle of overseas bondholders.

Quoted from Reuters, Tuesday (18/6/2024), at present the federal government of Ukraine carries a overseas debt value US $ 20 billion or Rp. This quantity represents 20% of the full bonds issued by the nation.

Though collectors had beforehand frozen Ukraine’s overseas debt for 2 years, in February 2022, as a result of battle with Russia. Nevertheless, the debt freeze settlement expires in August 2024 and bondholders hope that Kiev will be capable of repay the curiosity on their debt.

Ukrainian Finance Minister Serhiy Marchenko mentioned his occasion would proceed to induce overseas forex holders to offer reduction. He mentioned that these compromise talks would proceed and it was hoped that an settlement can be reached on August 1, 2024.

“Though Ukraine and the Advert Hoc Committee of Collectors didn’t attain an settlement on the phrases of the restructuring through the session interval, they may proceed dialogue and constructive discussions by means of their advisers,” the Ukrainian authorities mentioned in a press release.

As further info, the negotiation course of for the fee of overseas debt has been ongoing for the previous two weeks. On this case the bondholders are represented by an Advert-hoc committee.

Nevertheless, through the formal negotiations, the federal government’s proposal and counter-proposal from bondholders didn’t attain an settlement. As a result of Ukraine’s demand is believed to hurt bondholders who’ve withheld debt funds for greater than two years.


2024-06-18 12:45:58
#Ukraine #Danger #Default #Debt #IDR

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.