Thanks to the creditors’ decision to postpone, Ukraine will save almost $6 billion in payments.
In addition to restructuring Ukraine’s debts, Ukrenergo and Ukravtodor reached an agreement with creditors to postpone payments. This was announced by Prime Minister Denys Shmyhal.
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He noted that thanks to this, Ukraine will be able to better prepare “for the most difficult heating season in history and more effectively restore the infrastructure destroyed by Russian terrorists.”
The prime minister thanked foreign investors for deferring external debt payments.
“Investors in Ukraine’s foreign debt have agreed to defer payments until 2024 with a possible extension for another year. Thanks for the solidarity step. We also thank the G7 countries for supporting this position, ” wrote Shmygal.
He clarified that thanks to this decision, Ukraine will save almost $6 billion in payments.
“These funds will help us maintain macro-financial stability, strengthen the stability of the Ukrainian economy and increase the power of our army,” the prime minister insisted.
Overall, Ukraine received a $20 billion reprieve on its external debt.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.