Ukraine Restarts Bondholder Talks on $20 Billion Debt Revamp
- Debt talks taking place before debt freeze deal ends Aug. 1
- Ukraine approves law allowing moratorium on debt payments
This article is for subscribers only.
Ukraine and its international bondholders started a new round of official talks on restructuring more than $20 billion of debt as Kyiv is running out of time to reach an agreement or face the risk of a potential default.
The east European nation, fighting against Russian aggression, is under pressure to agree a debt overhaul with its creditors as a freeze on payments — agreed two years ago after Moscow’s full-scale invasion — is set to expire on Aug. 1.