Ukrzaliznytsia is “bankrupt,” Zelenskiy said, because of a burden of debt taken out at high interest rates.

Friday, May 21, 2021

“Ukrzaliznytsia has a loan debt of hundreds of millions of dollars,” he told reporters. “They took loans of 100, 200, 300 million dollars at 10-12%.” By contrast, Naftogaz bonds currently have 7-8% yields.

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