Zelensky signed a law to restructure the state government

The President of Ukraine Volodymyr Zelensky signed Law No. 11396. The law gives the district the opportunity to delay payments for the foreign bank up to the 1st day.

As RBC-Ukraine informs about this, check the data from the document card on the website of the Verkhovna Rada.

What happened

18 linya wow rock The Verkhovna Rada approved a law that would allow the Cabinet of Ministers to reduce payments for the current state government until June 1, 2024, at the time of consumption. This was supported by 231 deputies.

The document contains two main provisions:

• gives the government the right to promptly reduce payments to the foreign government whenever necessary. Zokrema, since official favor will not be achieved until the restructuring of the 10th century, if the term of coupon payments for one of the issues of sovereign eurobonds due in 2026 comes due.
• allows the order to include guarantees by the power of the colossal Borg “Ukravtodor” into the sovereign Borg and carry out its restructuring. There is a series of Eurobonds for 2021 in the amount of 700 million dollars and hundreds of dollars.

As the head of the budget committee of the Verkhovna Rada Roksolan Pidlas said, it is hoped that the official yield for the restructuring will not reach 10 September, if the line of coupon payments for one issue comes sovereign Eurobonds due in 2026.”

17 June The Ministry of Finance reported that it was not possible to achieve the satisfaction of creditors for the restructuring of the borg for an amount close to 20 billions of dollars. Minister Serhiy Marchenko proposed a reduction of 60%, while creditors accepted a reasonable 22%.

18 the Rada approved a law that allows the Cabinet of Ministers to reduce payments on the current sovereign debt to 1 month 024 fate at times.

Later, 22 June, Prime Minister Denis Shmigal announced the achievement of agreements with the Committee of the European Union before the restructuring of the foreign government. This will allow saving 11.4 billion dollars over three years and 22.75 billion until 2033.

What exactly the parties agreed on as part of the restructuring agreement – read in the materials of RBC-Ukraine.

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