President Volodymyr Zelenskyy’s government said on Monday that it won support from investors to reduce the face value of the debt by more than a third, paving the way for a formal restructuring in the coming weeks.
The agreement will replace a two-year moratorium on bond payments that was granted after Russia’s full-scale invasion of Ukraine in 2022 but was due to expire next month.
Ukraine sought debt relief as part of its conditions for continuing bailout loans from the IMF, which said it had endorsed Monday’s deal alongside backing from the US, UK and other allies that are financing Kyiv’s war effort.
Ukraine finalised terms last week during talks with a committee of bondholders, as well as other investors, which together own about a quarter of the debt.
Scott Bessent, the US treasury secretary, advised Donald Trump not to host Volodymyr Zelenskyy in the...
A broad coalition of former high-ranking Israeli officials, including former prime ministers and defence chiefs, have...
Iran’s top joint military command said on Saturday morning that it will close the Strait of...
Norway's Ministry of Foreign Affairs has proposed a bill to ban trade with Israeli settlements in...
