Ukraine wants to halt foreign debt payments – media ...News

Russia Today - Economy
Ukraine wants to halt foreign debt payments – media
source : Russia Today ( News ) () 8
This follows the approval of a €1 billion EU loan to Kiev The Ukrainian government has moved to delay payments on foreign debt for two years, the country’s media reported on Wednesday. The restructuring will have to be approved by the creditors first, the reports add. According to an earlier story by Bloomberg, Kiev also wants to change the terms of GDP warrants as it explores the possibility of debt restructuring. GDP warrants are a subset of securities, mostly bonds, linked to GDP, where the payment amount varies in accordance with a country’s output. The European Bank for Reconstruction and Development predict

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