Western media write that companies have already started the process.
Companies BlackRock and Pimco formed a committee and hired lawyers to negotiate withUkraine. They are seeking to receive up to $500 million per annum in interest payments.
The Observer writes about this with reference to The Wall Street Journal.
Official G7 creditors have allowed Ukraine to defer debt payments until 2027, but the pause in Eurobond payments appears in August 2024. Ukraine would like to negotiate with private creditors to extend the deferment.
Ukraine's creditors previously said Kyiv could wait to pay them back after Russian troops stormed into the country two years ago. Now their patience is running out.
Reuters, citing four people, previously reported that a two-year freeze on payments agreed upon by holders of $20 billion in outstanding bonds was set to expire in August.
Efforts to consolidate creditors are moving on multiple fronts, sources said. The department added that the Ministry of Finance has approached some investors to create a group of creditors. This group may include from eight to twelve main asset managers.
Recall that Ukraine signed amendments to the Memorandum of Understanding on the suspension of payments on official debt with the G7 countries and the Paris Club. This is stated in the message of the Ministry of Finance.
“This will extend until the end of March 2027, which corresponds to the end of the current IMF EFF program, the Memorandum of Understanding on the suspension of payments on public and publicly guaranteed debt with a group of official creditors Ukraine from the G7 countries and the Paris Club, signed on September 14, 2022,” says the Ministry of Finance.
Previously, the International Monetary Fund supported the Moratorium on the payment of Ukraine’s external debt, which will be valid until 2027.
