Ukraine has announced that it has reached an important agreement with the Committee of Eurobond Owners regarding the restructuring of its debt. This agreement aims to significantly reduce the country's financial burden, which will allow significant savings on debt service and direct them to important social and defense needs.
Ukraine has reached agreements with the Committee of Eurobond owners, which is an important stage in debt restructuring. This will save $11.4 billion in debt service over 3 years and $22.75 billion by 2033, freeing up resources for defense and social needs. This was announced by Prime Minister Denys Shmyhal on Monday.
We are restoring debt stability. Today we reached an agreement in principle with the Committee of Eurobond Owners of Ukraine. This is an important stage of the debt restructuring process, which will save 11.4 billion US dollars on debt servicing over the next three years and 22.75 billion by 2033
In his words, "in this way, we will be able to free up resources for urgent needs: our defense, social protection and recovery."
