The Cabinet of Ministers also instructed the Ministry of Finance to issue bonds for the country’s external government loans in 2024 in accordance with agreed conditions.
The Cabinet of Ministers took advantage of the right granted by the Verkhovna Rada and introduced a temporary moratorium on Ukrainian Eurobonds payments. This is confirmed by the corresponding resolution No. 865 of July 31. The implementation of transactions with government debt and government-guaranteed debt in 2024 was published on the official government portal.
The government, by its decision, in accordance with this law, transferred the guaranteed state debt of the former Ukravtodor on the perimeter of the public debt and ordered its restructuring (we are talking about a series of Eurobonds for 2021 for a total of $700 million + interest).
The Ministry of Finance was ordered to place (issue) bonds of external borrowing of the government of Ukraine in 2024 in accordance with the agreed conditions, providing payments to creditors for permission in the amount of up to $246 million.
The Cabinet of Ministers also authorized Finance Minister Sergei Marchenko to conclude agreements and sign other documents related to the implementation of public debt transactions and the transfer transaction.
As we have already written, Ukraine reached agreements in principle with creditors on the restructuring of $23.4 billion of external debt, after which the maturity date of Eurobonds will be extended.
Source: korrespondent
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