Payment orders for paying back the debts to RES producers are under threat.
On November 13th, the Director of Guaranteed Buyer, Kostiantyn Petrykovets, was fired from his position because “signing the payments orders for paying back the debts to RES producers”. Bonds valued at $825 mln at a 6.875% yield to cover debts to RES producers were successfully sold this month. The funds were receipted to Ukrenergo’s accounts on Tuesday November 9th. The next planned step was that the Guaranteed Buyer would transfer funds to RES producers (about 1,200 companies are awaiting payments). However, this has not happened due to the blockage of RES payments and the firing of the Guaranteed Buyer’s Director.