Ukraine in talks with creditors on debt restructuring

Ukraine in talks with creditors on debt restructuring

On October 14 a meeting will take place with creditors to restructure Eurobonds of Ukraine.

In late August, the government and International Creditors Committee reached an agreement on the restructuring of part of the public debt totaling USD 18 billion.

The restructuring in particular envisages complete write off of nearly USD 4 billion and deferred payments in the amount of USD 11.5 billion.

On September 23 the Cabinet of Ministers commenced the restructuring procedure, which will be completed roughly before December 1.