Kyiv: Deferral on foreign debt to allow Ukraine to save $6 billion in two years

Ukrainian Prime Minister Denys Shmyhal has said that the deferral on foreign debt to allow Ukraine to save $6 billion in two years.

"These funds will help maintain macro-financial stability, strengthen the stability of the Ukrainian economy and increase the power of our army," Shmyhal wrote on his Telegram channel.

He recalled that the proposal for the postponement was also accepted by the owners of securities of the state-owned Ukrenergo and Ukravtodor. According to him, this will allow Ukraine to better prepare for "the most difficult heating season in history" and more effectively restore the destroyed infrastructure.

Ukravtodor's Eurobonds amount to $700 million - with maturity in 2028 and a rate of 6.25 per cent, Ukrenergo — $825 million with maturity in 2026 and a rate of 6.875 per cent.