Ukraine Seeks $20 Billion Debt Restructure with Partial Write-Off

Ukraine's government is negotiating with international bondholders to restructure its $20 billion debt, considering a partial write-off, as confirmed by Finance Minister Serhiy Marchenko. He revealed during a parliamentary meeting that discussions are ongoing with creditors to address the challenging financial situation.

Ukraine's government is in talks with international bondholders to restructure its $20 billion in debt and is discussing a partial debt write-off, Finance Minister Serhiy Marchenko was quoted as saying on Friday.

"We are currently negotiating the restructuring with creditors and, among other things, this includes partial write-off of debts," Marchenko was quoted by Interfax-Ukraine news agency as saying during a meeting with parliament.