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Ukraine Wins Payment Pause for $20 Billion of Foreign Bonds

A Ukrainian deminer inspects a crater following a Russian rocket strike in the Ukrainian city of Kharkiv on Aug. 9.

A Ukrainian deminer inspects a crater following a Russian rocket strike in the Ukrainian city of Kharkiv on Aug. 9.

Photographer: Sergey Bobok/AFP/Getty Images
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Ukraine won approval for a debt-payment freeze from the holders of its international bonds, gaining relief for a budget wrecked by Russia’s invasion.

Investors representing around 75% of $19.6 billion worth of Ukraine’s foreign bonds agreed to defer coupon and principal payments until 2024, the Finance Ministry in Kyiv said on Wednesday.