With unpaid debts to solar and wind power producers tarnishing Ukraine’s investment image, Prime Minister Shmygal yesterday instructed his government to prepare ‘green bonds’ to repay the debt. He told the Cabinet: “I ask the Ministry of Energy together with the Ministry of Finance, the Ministry of Economy with the participation of state banks and international financial organizations to work out the possibility of issuing ‘green’ bonds.” By appealing to state banks, the Prime Minister seemed to be calling for local hryvnia bonds, ruling out Eurobonds. ‘Green bonds’ raise money for climate and environmental projects.
With unpaid debts to solar and wind power producers tarnishing Ukraine’s investment image,
Ukraine's economy will shrink by a fifth this year.