Accordingly, the Ukraine government began negotiating with a debtor’s lender.
The Ukraine government initiated negotiations with Eximim China for repairing the debt for the state guarantees $ 1.5 billion, which was attracted in 2012. The corresponding initiative was recorded in the draft amendment to the state budget for 2025 (no. 13439) submitted to Verkhovna Rada.
We talk about a JSC loan provided “State Food and Winth Corporation of Ukraine” (DPZKU) under a government’s guarantee within the framework of an intergovernmental agreement between Ukraine and the PRC. According to the classification of the Chinese side, the debt is recognized as an official bilateral obligation.
The document states that the lender in December 2024 agreed with negotiations, but said the process could be long. In this regard, the Ukraine government suggests that payments for obligations to the moment of agreement with new borrowing conditions are temporarily suspended.
“The temporary suspension of payments has been planned to be introduced under the state’s obligation to have the DPZK debt obligations for a period before the commission of such a lawsuit (right -handed) and changes in conditions of the corresponding borrowing,” said the explanatory note.
In 2012, Ukraine and China entered into an agreement with a credit line for $ 3 billion, which provided for a supply of 5 million tons of grain annually. In 2013, DPZKU received $ 1.5 billion for state guarantee. The obligations have been slightly fulfilled: for more than ten years, Ukraine has set only 6 million tons of grain, which has been the basis for the Chinese side to file a London arbitration lawsuit.
As the start of 2022, the debt balance was about $ 900 million.
In June, it was reported that Ukrainian negotiations with private creditors on repairing the debt to more than $ 20 billion did not give the results. If the compromise is not achieved, then in August Ukraine may be declared default. On July 18, Verkhovna Rada approved the suspension of external debt payments.
Ukraine’s debt organizing: Details have been published
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.