Ukraine could declare default – The Economist ...News

Economy by : (Russia Today) -
Kiev so far has failed to restructure its debt, the outlet has said Kiev could default as early as next month if it fails to negotiate a debt-restructuring deal with its creditors, The Economist reported on Sunday. In February 2022, bondholders granted Ukraine a two-year debt freeze in view of its conflict with Russia. But that agreement with foreign bondholders – including US financial giants BlackRock and Pimco, as well as French asset manager Amundi – expires in August, and bondholders are anxious for Kiev to begin paying interest on its debt again. According to the outlet, the arrangement is worth 15% of Ukrai

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