[Regnum] In May, Ukraine may default on a payment of about $600 million, since the republic failed to agree on debt restructuring. This is reported by the British newspaper The Financial Times (FT), citing the Ukrainian Ministry of Finance.
"Ukraine said on Thursday it had failed to reach an agreement with holders of $2.6 billion in debt, denting its hopes of a restructuring before the repayment deadline next month," the publication said.
It is specified that in May Kyiv will be obliged to pay about $600 million on securities that are tied to the republic’s GDP.
"Kiev will have to decide whether to default on a payment due at the end of May if it fails to reach a restructuring agreement in time," the article also noted.
At the same time, the Ukrainian Ministry of Finance stated that they will consider all available options.
As reported by the Regnum news agency, in January 2024, Russian President Vladimir Putin stated that Kiev is happily “chewing on investors’ money” and is in no hurry to lift the ban on negotiations with Moscow, although its sponsors are calling for this.
In February, Russian Foreign Minister Sergey Lavrov also emphasized that the IMF and the World Bank were setting records in supporting the Kiev regime, allocating loans and credits that were many times greater than the funds provided to African and other developing countries. Ukraine has become a blatant example of disproportionate growth in military spending while absorbing hundreds of billions of dollars in aid, the minister noted.