Posted on 05/09/2024 4:49:05 PM PDT by 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.
(Excerpt) Read more at expose-news.com ...
BlackRock must get its money back from Ukraine but not the US taxpayer...
Is there anything the USA is not paying for regarding Ukraine? I’d say blowjobs, but I’m unsure even about that!
Yeh....with our money...
Since the large $61B Ukrainian aide package, the Wall Street vultures are demanding their 39% sovereigns bond interest rate.
https://www.investing.com/rates-bonds/ukraine-government-bonds
The country has a credit rating?? lol
With what?
All the money they received has been kicked back to corrupt politicians here in the US.
Except for what the crooks in charge have lined their own pockets with.
Who owns BlackRoc?. Who destroyed Ukraine in 2014? Same klan of people. Bloodsuckers.
This is pretty laughable isn’t it?
Someone wants their cut of the slush fund.
HAHAHAHAHRHA
The Ukrainian 1yr exp 3/25 is at 35% yield.
The rest of the yield curve is 15%.
Someone beyond the bond traders are getting a little nervous abt payment on the return of Pres Trump.
Why does anyone need the Expose to reprint RT editorializing a WSJ article, when they can just read the WSJ if they want?
Yeah, well, good luck with that, Blackrock.
Although what Blackrock most likely means is that they are looking forward to foreclosing on Ukrainian properties of which they have acquired ownership interests.
In other words, Ukraine had the lowest national productivity in Europe.
Ukraine was a border line Third World country before the war started.
Lots of great farm land.
Very few great farmers.
This is another reason for the war. US taxpayers are paying off Blackrock and others with politicians getting their cut. 500,000 dead and counting and millions wounded and on the run are of no concern.
Like Maui?
Ukraine has been running up a massive debt without the ability to *service the debt.
* Without Uncle Sugar paying out, Ukraine’s finances are toast.
We may find that the NWO managed destruction of Ukraine was an agreement made similar to the Molotov-Ribbentrop pact.
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