Ukraine has signed an agreement to suspend foreign debt payments
Minister of Finance Serhii Marchenko signed a memorandum on the suspension of payments for state and state-guaranteed debt with a group of Ukraine’s official creditors from the G7 and Paris Club countries.
The agreement was concluded as a continuation of the intention announced on July 20 by the creditors to suspend principal and interest payments on bilateral debts from August 1, 2022, to the end of 2023, with the possibility of extending the suspension for an additional year. Creditor countries supported the move to allow the Ukrainian government to increase social and health care spending and stabilize the economy during the war.
The memorandum was signed by representatives from the governments of Canada, France, Germany, Japan, Great Britain, and the US. The total amount of debt covered by the memorandum is approximately $3.1B.
Read also
Palm oil prices are expected to continue rising after a short-term correction
Georgia reduced wheat imports in April
Brazilian soyabean oil exports jump 47% amid record crop and weak domestic demand
Zimbabwe plans new grain import levies to strengthen food security
Global vegetable oil production to hit record high again – USDA
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon