Ukraine secures deal to defer debt payments
Source: Denys Shmyhal/Telegram
Ukraine’s PM Denys Shmygal said on Monday that his goverement has secured a deal with bondholders allowing to resctructure the country’s debts.
“We are restoring debt sustainability. Today, we have reached a fundamental agreement with the Committee of Eurobond Holders of Ukraine,” the prime minister said in a Telegram message.
This deal comes as the breather for Ukraine’s struggling economy as it is projected to save $11.4 billion over the next three years and $22.75 billion by 2033.
Earlier in June, Kyiv was facing a grim threat of default after it faced a setback in the talks with itscreditors on restructuring of approximately $20 billion in debt.
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