Ukraine May Default on Massive Debt as Early as August
Under pressure in various sectors of the frontline, with its power plants and energy grid under relentless attacks, and trying to find a peace proposal that would keep it from losing 20 per cent of its former territory for good, Ukraine is also under financial threat, as concerning news arise over its debt restructuring efforts.
Kiev could default on its enormous debts as early as next month unless it manages to negotiate a restructuring deal with its creditors, The Economist reported (behind paywall).
With the onset of the war in February 2022, bondholders granted Ukraine a two-year debt freeze. That agreement expires in August, and the creditors expect it to begin paying interest on its debt again.
