Kiev, July 20 (SocialNews.XYZ) The Ukrainian government will negotiate with its foreign creditors to postpone Ukraine's Eurobond repayments by 24 months, the Interfax-Ukraine news agency reported on Wednesday, citing a cabinet decree.
Ukraine is seeking to reach an agreement with its lenders on the issue by August 15, Xinhua reported quoting the document.
If creditors refuse to voluntarily postpone the payments, Ukraine will continue to service its debts in accordance with the existing conditions, said the decree.
By July 2024, Ukraine has to repay some 3 billion US dollars of Eurobonds in three payments, local media reported.
According to Ukraine's Finance Ministry, the country's state and state-guaranteed debt increased by 3.82 billion dollars in May to 101.44 billion dollars
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz