Ukraine agreed with creditors to defer payments on external debt
Kyiv has reached an agreement in principle with the Committee of Eurobond Holders of Ukraine. The restructuring agreement will provide for the existing Eurobonds to be exchanged for a package of new Eurobonds with a nominal 37% reduction in the cost of debt at the initial stage and a reduction in the net present value of the debt by about 60%.
Fitch downgrades Ukraine's rating after debt restructuring agreement
International rating agency Fitch Ratings has downgraded Ukraine's long-term foreign currency issuer default rating (IDR) from CC to C.
EU transfers EUR 1.5 billion from revenues from Russian assets to Ukraine
The EU has transferred a tranche of 1.5 billion euros from the profits from frozen Russian assets to Ukraine.
Industrial inflation in Ukraine jumped by 14% in a month. This has not happened in 30 years
Industrial inflation rose by 14% in a month. This is a 30-year record.
The NBU left the key rate at 13%
The Board of the National Bank decided to keep the key rate at 13% per annum. According to the head of the NBU, if the risks for inflationary development and the foreign exchange market weaken, in particular, due to Ukraine possibly receiving large amounts of financial support, the NBU will consider the possibility of a faster restoration of the cycle of reducing the key rate.
