Ukraine intends to postpone debt payments as war hits economy

The government instructed the finance ministry to hold negotiations with creditors on deferring payments by Aug. 15 and promised additional interest on postponed payments.

The Ukrainian government plans to postpone payment on the GDP-linked warrants to August 2024 from May 2023.

Ukraine intends to postpone repayment of its Eurobonds and payments of interest on them for 24 months from Aug. 1, according to a government resolution published on Wednesday.

The government, which is trying to deal with the impact of Russia's Feb. 24 invasion, instructed the finance ministry to hold negotiations with creditors on deferring payments by Aug. 15 and promised additional interest on postponed payments.