Ukraine could declare default – The Economist
www.rt.com
Kiev urgently needs to negotiate a debt-restructuring deal with its creditors, according to The Economist

In February 2022, bondholders – including US financial giants BlackRock and Pimco, as well as French asset manager Amundi –granted Ukraine a two-year debt freeze in view of its conflict with Russia. But that agreement expires in August, and Kiev’s creditors are anxious for it to begin paying interest on its debt again.

According to the outlet, the arrangement is worth 15% of Ukraine’s annual GDP

Most likely scenarios for Kiev involve an extension on its debt-service freeze until 2027 or the declaration of a default, the outlet said. Either way, Ukraine will not resume payments to its creditors, it added.