BlackRock and others form a group to try to pressure Ukraine to start repaying its debts

The Exposé ^ | 5/8/24 | Rhoda Wilson

[Roman_War_Criminal]

A group of foreign bondholders have taken steps to force Ukraine to begin repaying its debts as soon as next year, the Wall Street Journal reported on Sunday.

If they succeed, Kiev could haemorrhage $500 million every year on interest payments alone.

The group, which includes investment giants BlackRock and Pimco, granted Kiev a two-year debt holiday in 2022, gambling that the conflict with Russia would have concluded by now.

With no end to the fighting in sight, the lenders have now hired lawyers at Weil Gotshal & Manges and bankers from PJT Partners to meet with Ukrainian officials and strike a deal whereby Ukraine would resume making interest payments next year in exchange for having a significant chunk of its debt written off, anonymous sources told the Wall Street Journal.

The group holds around a fifth of Ukraine’s $20 billion in outstanding Eurobonds, the newspaper reported. While this figure represents a fraction of Ukraine’s total external debt of $161.5 billion, servicing the interest on these bonds would cost the country $500 million annually, the bondholders said.

Should the bondholders fail to strike a deal with Kiev by August, Ukraine could default. This would damage the country’s credit rating and restrict its ability to borrow even more money in the future.

[AndyJackson]

They can show up in Moscow and sue Putin for quiet title and damages.

[hinckley buzzard]

Black Rock won’t be getting any money paid back from Ukraine, and frankly they deserve what they are getting. Globalist scum.

[Jumper]

This is why Blackrock was the first approved BTC ETF. Balance the balance sheet. Blackrock is going to lose 400B in Ukraine.

Every NATO EU country carved up Ukraine using companies similar to Blackrock. The British and French will never recover from their financial losses in Ukraine.