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.
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students in the US can’t but Ukraine can… got it
Ukraine could declare a default on its loans.
That would definitely speed up the clock on Zelenskyy being replaced, one way or the other.
What would Zelenskyy’s handlers have him do differently that would suggest him needing to be replaced?
Specifically, don’t know. But I’d guess that, at a minimum, talking about not paying creditors and upsetting financial markets (unless this IS what his handlers have decided he needs to be doing. I guess there’s probably some way to work things out behind the scenes to not upset the wrong people) probably isn’t on the list.
If anything breaks the back of support for Ukraine it’ll be this
I’m not so sure. Vulture capital is circling over Kiev and the promise of foreign privatization will likely be be replaced with land and seizure. The Kiev regime has already been busy selling off all of its national assets to pay for this mess. Simply handing everything over to pay debts probably saves them the step of looking for buyers who want to risk buying property near growing conflict lines.
Lowkey I made the comment before I read very much of the post lol.
Yeah it doesn’t seem like anything the west doesn’t want. Ukraine gets squeezed harder to pay more stuff to foreign imperialists.
Thankfully, the Ukranians are (very unintentionally) contributing to the destruction of the imperialist world order, and even the increasing decline of the west altogether.
If they have any sense (and if their nation still exists) after this, they should overthrow their entire comprador-kleptocracy, purge the Nazis and run them off to western Europe, reject all the debts incurred by the illegitimate puppet regimes the west propped up after the Euromaidan, and seek terms with Russia and BRICS instead. They don’t need the west, in fact the entire world will increasingly be better off without the west (which the imperialists are so helpfully ensuring will come to pass- with each theft of reserves and weaponizing of their financial systems, with their sanctions, with their trade wars and attempts to decouple from China, with their being genocidal maniacs and warmongers offering nothing but eternal war).
