{"id":5558,"date":"2025-04-24T12:01:16","date_gmt":"2025-04-24T12:01:16","guid":{"rendered":"https:\/\/www.euro-tv.ro\/news\/ukraine-fails-to-reach-deal-on-restructuring-2-6-billion-debt-faces-default\/"},"modified":"2025-04-24T12:01:16","modified_gmt":"2025-04-24T12:01:16","slug":"ukraine-fails-to-reach-deal-on-restructuring-2-6-billion-debt-faces-default","status":"publish","type":"post","link":"https:\/\/www.euro-tv.ro\/news\/ukraine-fails-to-reach-deal-on-restructuring-2-6-billion-debt-faces-default\/","title":{"rendered":"Ukraine fails to reach deal on restructuring $2.6 billion debt, faces default"},"content":{"rendered":"
\"Ukraine<\/p>\n

The Ukrainian government said on April 24 that it has failed to reach an agreement with its debtholders to restructure some $2.6 billion of debt.<\/p>\n

This means Kyiv<\/a> might have to default on paying some $600 million ahead of the deadline in late May.<\/p>\n

“Ukraine indicated that it could not accept the Restricted Holders\u2019 Proposal and declined to make any further proposal to the Restricted Holders before the end of the Restricted Period,” the Ukrainian government said in a statement<\/a> after April 15-23 talks in Washington.<\/p>\n

Kyiv nevertheless pledged to continue to engage with its debtholders and seek other options for restructuring the debt.<\/p>\n

The $2.6 billion sum concerns the so-called GDP warrants, a financial instrument that gives the debtholder the right to additional payments based on the country’s economic performance.<\/p>\n

“The GDP warrants were designed for a world that no longer exists. Ukraine’s modest economic growth in 2023 was not a sign of surging prosperity but a fragile rebound from a nearly 30% downturn caused by Russia\u2019s full-scale invasion,” Ukraine’s Finance Minister Serhii Marchenko<\/a> said in a statement.<\/p>\n

“These financial instruments must not become an obstacle to our recovery. Our objective is to reach a fair and comprehensive solution to this issue.”<\/p>\n

The warrants were not part of last year’s deal to restructure some $20 billion<\/a> in national debt. That agreement, concluded with some creditors in July 2024, allowed Ukraine to avoid default and continue financing its defense against Russia’s full-scale war.<\/p>\n

The International Monetary Fund (IMF) has warned that failure to resolve the warrant issue could threaten further debt restructuring, as well as its ongoing $15.6 billion bailout<\/a> program, the Extended Fund Facility (EFF).<\/p>\n

<\/p>\n
\n
This Ukrainian mining company is losing hope in Trump\u2019s minerals deal<\/div>\n
Standing beside a sleepy village in Ukraine\u2019s central Kirovohrad Oblast, the Zavalivskiy mine lies beneath layers of brown and pink earth, holding some 7.5 million metric tons of graphite ore \u2014 the second largest flake graphite mine in Europe. Like many mining companies in Ukraine, Zavalivskiy Graphite has lost<\/div>\n
\"UkraineThe Kyiv Independent<\/span>Dominic Culverwell<\/span><\/div>\n<\/div>\n
\"Ukraine<\/div>\n

<\/a><\/figure>\n<\/div>\n

– https:\/\/kyivindependent.com\/tag\/ukraine\/rss\/<\/p>\n

This article appeared on the websitekyivindependent.com
\nThis article is taken based on Law no. 8\/1996 of Romania. News does not enjoy copyright, so they can be taken, this is our right to take news and information in its entirety and distribute them further. The content was made available to us through the rss mechanism
\nOriginal Content<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Ukrainian government said on April 24 that it has failed to reach an agreement with its debtholders to restructure some $2.6 billion of debt. This means Kyiv might have to default on paying some $600 million ahead of the deadline in late May. “Ukraine indicated that it could not accept the Restricted Holders\u2019 Proposal […]<\/a><\/p>\n","protected":false},"author":12,"featured_media":5559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152,1],"tags":[5831,1549,656,5832,5833,1059,1527,209,881,5830,123,66],"class_list":["post-5558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kyivindependent","category-news","tag-2-6","tag-billion","tag-deal","tag-debt","tag-default","tag-faces","tag-fails","tag-on","tag-reach","tag-restructuring","tag-to","tag-ukraine"],"yoast_head":"\nUkraine fails to reach deal on restructuring $2.6 billion debt, faces default - News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.euro-tv.ro\/news\/ukraine-fails-to-reach-deal-on-restructuring-2-6-billion-debt-faces-default\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine fails to reach deal on restructuring $2.6 billion debt, faces default - News\" \/>\n<meta property=\"og:description\" content=\"The Ukrainian government said on April 24 that it has failed to reach an agreement with its debtholders to restructure some $2.6 billion of debt. 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