Justifying Ukraine’s recent stealth re-purchase of 10% of its $3.2 billion in GDP-linked warrants

Justifying Ukraine’s recent stealth re-purchase of 10% of its $3.2 billion in GDP-linked warrants, Finance Minister Sergiy Marchenko confirmed that the 2015 warrants are a financial time bomb that could cost the nation up to $22 billion by 2040. With current GDP growth forecasts, Ukraine will have to make its first pay out – $40 million – next year. By 2023, payments could balloon to $600 million. Speaking to the Rada Committee on Finance, Tax and Customs Policy, he justified the stealth operation saying: “After the end of the operation, we removed the “secret” stamp and, as a result of the publication of this information, the prices for GDP warrants jumped by 8%.”