Prime Minister of Ukraine Denys Shmyhal has thanked foreign investors for their decision to defer payments on Ukraine’s external debt until 2024.
“Investors in Ukraine’s external debt gave their consent to defer payments until 2024 with a possible extension for another year. Thank you for the step of solidarity. We are also grateful to the G7 countries for supporting this position,” Shmyhal wrote on his Telegram channel on Wednesday.
He said that thanks to this decision, Ukraine will save almost $6 billion on payments over the next two years.
“These funds will help us maintain macro-financial stability, strengthen the stability of the Ukrainian economy and increase the power of our army,” the head of government said.
The prime minister added that the holders of securities of the state-owned Ukrenergo and Ukravtodor also accepted the postponement offer, thanks to which Ukraine could better prepare “for the most difficult heating season in history and more effectively restore infrastructure destroyed by Russian terrorists.”
