Ukraine has reached an agreement with the Ukrainian Eurobond Holders Committee regarding the restructuring of external debt payments.
Prime Minister Denys Shmyhal announced this in a Telegram post, stating,
"We are restoring debt sustainability. Today, we have reached a fundamental agreement with the Ukrainian Eurobond Holders Committee."
According to Shmyhal, this marks a crucial stage in the debt restructuring process, which will save $11.4 billion in servicing costs over the next three years and $22.75 billion by 2033.
"This will allow us to free up resources for urgent needs: our defense, social protection, and recovery," Prime Minister wrote.
