Ukraine may declare a default in May: negotiations with creditors so far income

Ukraine has not been able to negotiate with investors on debt restructuring worth $ 2.6 billion and may declare a default in May. This was reported by Financial Times , citing informed sources.

According to the conditions of preliminary agreements, at the end of the next month, Ukraine has to pay almost $ 600 million for GDP-wars-securities tied to the country's economic indicators. This payment is based on the results of 2023, and it is currently threatened.

"Kiev will have to decide whether to declare a default on payment if the restructuring agreement is not reached on time," FT .

The Ministry of Finance of Ukraine noted that they consider "all available options" and plan to continue negotiations with creditors. However, there is little time.

Earlier, the International Monetary Fund warned that the lack of resolving the issue of GDP-wars creates serious risks to the country's financial stability. This can affect both the current IMF program for $ 15.5 billion, and last year's restructuring of public debt over $ 20 billion.

The default can not only damage the image of Ukraine in the world markets, but also complicate the receipt of future assistance from international partners. At the same time, the Ukrainian government is in a difficult situation: the country is leading a full -scale war, the economy is weakened, and the budget depends on external funding.

Negotiations continue, but every day the delay is approaching the critical point. Will Kyiv avoid technical default - will become known in a few weeks.

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