Ukraine’s Debt-Relief Plan Gets Backing From Key Creditors
- War-torn nation seeks to restructure $22.8 billion of debt
- Major sovereign creditors, including US, back Ukraine request
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Ukraine’s request to postpone foreign-debt payments in the wake of Russia’s invasion won support from key government creditors and private bondholders.
The government in Kyiv wants to agree with bondholders on a two-year payment freeze and changes to coupons on its so-called GDP warrants by the middle of next month. It filed a formal request to restructure $22.8 billion in sovereign debt on Wednesday.