Bloomberg, citing sources and its own calculations, reports that the Ukrainian government is exploring the possibility of restructuring the state debt, since by September 1, payments will have to amount to $1.41 billion. The International Monetary Fund (IMF) has offered support to Kyiv.
Kyiv is considering several options for solving the problem, within one of them, the issuer may request the bond holder to change the terms of the issued securities.
The second option is to use the frozen Russian assets as collateral. So far, the legitimacy of such an initiative is being questioned.
The terms of trading in dollar and eurobonds of Ukraine speak of a crisis and the risk of restructuring, the newspaper writes.
In March 2022, the IMF approved the allocation of $1.4 billion to Ukraine as part of emergency assistance.
President of Ukraine Volodymyr Zelenskyy estimated the country's monthly budget deficit at €7 billion. This is money that should be directed to salaries, pensions and social support. Zelensky asked the G7 countries to allocate $50 billion.
In May, the US House of Representatives approved a bill to provide Ukraine with assistance to reduce public debt.