Payments on foreign debts by Ukraine have been postponed until the end of 2023.

The Government of Ukraine has enlisted creditors’ support in delaying payments on external obligations until the end of 2023 with the possibility of extending this period for another year, announced Prime Minister Denys Shmyhal. “We had an honest conversation with our creditors and enlisted their support on the issue of postponing payments on Ukraine’s external obligations until the end of 2023,” he said. As a result, Ukraine will save about UAH 200B. According to Shmyhal, the money saved will be directed to other priority needs: payments to the military, pensions, social programs, and economic support.