Ukrainian debtholders plan to create a committee of creditors against the background of a possible debt restructuring.

According to Bloomberg, large bondholders may intensify negotiations to create such a group after the IMF meeting on April 17.

They note that time pressure is increasing as the moratorium on Ukrainian bond repayments granted to Ukraine in 2022 expires in September. Payments for $20B of Ukraine’s outstanding international bonds were suspended after the Russian Federation’s invasion by agreement with the bondholders.

“However, it is difficult for politicians in Kyiv to maintain the country’s financial condition as the invasion enters its third year. Russian troops have damaged the energy infrastructure, killed tens of thousands of people, and forced more than 10 million to leave their homes,” the newspaper writes.

The Ukrainian government is also uncertain about international aid, as more than $60B in military and financial aid from the US has yet to be approved.