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HomeWorldUkraine Agrees on Debt...
August 28, 2024

Ukraine Agrees on Debt Restructuring with 95% of Eurobond Owners

By David
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    Ukraine has agreed on debt restructuring with 95% of Eurobond holders.

    .

    This was announced by the Prime Minister of Ukraine Denys Shmyhal.

    More than 95% of Ukrainian Eurobond holders supported our proposal for debt restructuring, prepared by the Ministry of Finance in cooperation with the Eurobond Holders Committee, Shmyhal wrote on his social networks.

    This decision, he said, will save $11.4 billion in debt servicing over the next three years, strengthen the Ukrainian budget and allow better defense financing.

    Meanwhile, on the evening of August 26, the official euro exchange rate from the National Bank crossed a new “psychological” limit of 46 hryvnia.

    The price increase coincided with the shelling of Ukraine’s energy infrastructure and the resumption of power outages.

    Previously, due to the rise in the exchange rate, experts said that it was necessary to pay in foreign currency for electricity imports from the European Union.

    However, this is not the only reason why the euro is growing: bankers highlight the reasons that are happening outside of Ukraine – on world markets.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

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