Posted on 07/03/2024 9:05:39 AM PDT by bimboeruption
Under pressure in various sectors of the frontline, with its power plants and energy grid under relentless attacks, and trying to find a peace proposal that would keep it from losing 20 per cent of its former territory for good, Ukraine is also under financial threat, as concerning news arise over its debt restructuring efforts.
Kiev could default on its enormous debts as early as next month unless it manages to negotiate a restructuring deal with its creditors, The Economist reported (behind paywall).
With the onset of the war in February 2022, bondholders granted Ukraine a two-year debt freeze. That agreement expires in August, and the creditors expect it to begin paying interest on its debt again.
RT reported:
“The arrangement is worth 15% of Ukraine’s annual GDP, meaning that if payments had been required, they would have been Kiev’s second-biggest category of expenditure after defense.
The conflict with Russia has dealt a heavy blow to the Ukrainian economy, which has shrunk by a quarter since the outbreak of hostilities, the outlet said. Kiev’s debt-to-GDP ratio will approach 94% by the end of the year, despite ‘impressive’ Western backing, although this largely comes in the form of ‘artillery, tanks and earmarked funds, rather than cash’, the article noted.”
Kiev hasn’t reached an agreement with a group of foreign investors on a restructuring of the country’s $20 billion debt in Eurobonds.
“Ukraine wants to reduce its debt by 60% of its current value, while creditors said 22% was ‘more reasonable’.
If a new debt-restructuring deal is not reached, Ukraine would end up in default. This would damage the country’s credit rating and complicate its ability to borrow in the future.”
According to The Economist’s report, Kiev may pull off an extension on its debt-service freeze until 2027 – or else have to declare a default.
One way or another, Ukraine is not expected to resume payments to its creditors.
Who could’ve ever seen that happening!!
Sooprise...sooprise
Pedo Joe takes a page from his own playbook and “forgives” all the loans that the Ukes owe...simple
No need to get your checkbooks out, Uncle Sam will do it for you. We have been watching in slow motion the infrastructure of Ukraine being systematically destroyed for what - 24 months? The cost of rebuilding will be staggering, and you know there is only one source for that. Trump may be able to resolve the fighting quicky once he returns, but look at the cost of the last 2 years, and the next 30, to the US taxpayer. Thanks Joe!
Yep. Student debt deadbeats defaulted on their debts, and Democrats thought it waws wonderful.
https://www.financestrategists.com/wealth-management/bonds/how-to-buy-ukraine-war-bonds/
Buy your war bonds now
read://https_www.ft.com/?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F9af1bef9-18cc-4fb0-9c50-f1dd6b83f340
The biggest holders of Ukraine’s international bonds are BlackRock, Pimco and Fidelity, according to filings data compiled by Bloomberg.
“It’s a pretty good return in two months,” said Giancarlo Perasso, the lead economist at PGIM fixed income, which also holds some Ukrainian debt.
“We were thinking of a certain haircut, but now we think the restructuring might be more favourable to us [ . . .] because the country has a higher capacity to pay than we thought before,” Perasso added.
Well, son of a bitch.....
And here I was not too long ago when some cross eyed idiot assured me that Ukraine was going to pay us back “everything”.
And biden will rush them a couple billion or so.
The March ‘25 bonds are yielding 35%.
President Trump said Ukraine’s survival is important to us.
What part of that do you not understand exactly?
I don't think President Trump is willing to start WW3 to save Ukraine nor is he willing to destroy America fiscally to save Ukraine.
Here's Trumps quote:
What a surprise.
Why is YouCrayne important to us?
They are as corrupt as Ruzzia.
WWIII that is due tomorrow for 2 1/2 yrs?
President Trump unequivocally supports Ukraine-
he supported the spending bill and clearly states in that Truth Social post that Ukraine’s survival is important to us.
Perhaps translating that into Russian may help?
or in Russia supporting someone means spit in their face as if it is a vocation?
Naw, team globalists will keep things going financially until November.
Maybe you should ask President Trump why it’s survival is important to us?
Instead of spitting in his face and posting material that directly contradicts him.
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