Ukraine is unable to pay its bond owners $4.5B, so it is starting debt restructuring negotiations.
Beginning in August, Ukraine must pay Eurobond holders $4.5B to service its debt. In 2024, Ukraine is scheduled to pay $910M that will be applied to the principle and $3.61B in interest. However, this amount is impossible for the country’s wartime budget, so to postpone these and other payments to external commercial creditors, Ukraine is starting the official process of restructuring its debt payments. Informally, relevant consultations have been taking place since the fall of last year, said the head