Ukraine has struck a deal with bondholders that reduces its commercial debt, the country’s finance minister said Thursday, though the politically sensitive issue of whether $3 billion in Russian debt will be included in the haircut remains unresolved.
The debt deal is also vulnerable to a worsening of Ukraine’s already rapidly contracting economy and to any shocks caused by a resumption of war in the east of the country.
The agreement potentially reduces the $18 billion in outstanding commercial debt by 20 percent, cutting the cash-strapped country’s obligations by $3.6 billion, and keeping open its access to international credit markets. The government …read more
Source: European Voice
