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.


Reuters | Kyiv | Updated: 07-06-2024 15:01 IST | Created: 07-06-2024 15:01 IST
Ukraine Seeks $20 Billion Debt Restructure with Partial Write-Off
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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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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