Ukraine seeks to postpone Eurobond repayments as war affects economy
The Ukrainian government would negotiate with its foreign creditors to postpone Ukraine’s Eurobond repayments by 24 months, the Interfax-Ukraine news agency reported on Wednesday, citing a cabinet decree.
According to the document, Ukraine sought to reach an agreement with its lenders on the issue by August 15.
The decree said if creditors refused to postpone the payments voluntarily, Ukraine would continue to service its debts in accordance with the existing conditions.
Local media reported that by July 2024, Ukraine had to repay some $3 billion of Eurobonds in three payments.
According to Ukraine’s Finance Ministry, the country’s state and state-guaranteed debt increased by $3.82 billion in May to $101.44 billion.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
School Abduction: Oyo Assembly backs Gov Makinde’s call for international investigation
The lawmaker cautioned the public and the Nigerian Senate against misinterpreting the purpose of the state governor’s call for an international investigation.
Politics
Tuggar group rejects Bauchi APC governorship candidate Mohammed Abubakar
He dismissed Mr Abubakar’s declaration as a governorship candidate, alleging that there were no governorship primaries in the state.
Hot news Home top
Oyarzabal, Porro score as Spain beat France to reach World Cup final
Spain will face the winner of the second semi-final match between England and Argentina on Sunday.
Economy
PenCom cuts pension approvals to 48 hours, recovers N36 billion arrears
She said the 48-hour approval timeline had become a mandatory service standard binding on all PFAs.
Heading 5
Freed Oyo pupils, teachers reunite with families
The pupils and teachers reunited with their families on Tuesday.
NationWide
DHQ engages military veterans on welfare, national service
He said the welfare of retired personnel remained one of the top priorities of the DHQ under the current leadership.
