National Bank Of Ukraine via flickr
The group, which consists of Canada, Germany, France, Japan, the United Kingdom, and the United States, urged other holders of Ukraine's debt to support Kiev's request for a two-year postponement of payments that were due as of early August.
"We, as Ukraine's official bilateral creditors, seek to provide a coordinated postponement of Ukraine's debt service from August 1, 2022, to the end of 2023, with the option of an additional year," reads their statement.
The payments in question are roughly $1.2 billion, according to Reuters.
The Ukrainian government is requesting that the bonds' maturity date and interest payments be delayed. The "special circumstances" in which Ukraine finds itself and its "exemplary" historical fulfilment of its obligations were used by the lenders to justify their willingness to make concessions.
source: reuters.com
"We, as Ukraine's official bilateral creditors, seek to provide a coordinated postponement of Ukraine's debt service from August 1, 2022, to the end of 2023, with the option of an additional year," reads their statement.
The payments in question are roughly $1.2 billion, according to Reuters.
The Ukrainian government is requesting that the bonds' maturity date and interest payments be delayed. The "special circumstances" in which Ukraine finds itself and its "exemplary" historical fulfilment of its obligations were used by the lenders to justify their willingness to make concessions.
source: reuters.com
