Ukraine’s creditors, which account for about 75% of the country’s external debt, have decided to delay payments until 2024. This has been reported BloombergCiting a source at the Ministry of Finance of Ukraine.
According to the agency, Ukraine’s total external debt is $19.6 billion, and delays in payments will save Kiev $5.8 billion.
Bloomberg reported that the country’s budget deficit is about $5 billion a month. On August 10, Ukrainian companies Ukravtodor and Ukrenergo received approval to defer loan payments. It has not yet been possible to freeze payments for the state energy company Naftogaz – the deadline for creditors to approve the postponement is August 12.
Earlier it was reported that a group of creditors in Kiev accept Postponing the payment of the country’s foreign debt from 1 August 2022 until the end of 2023 with the possibility of a one-year extension.
Prior to that, Reuters reported that foreign creditors of Naftogaz did not agree to postpone the payment of the debt for two years at the request of the enterprise.