Ukraine's Debt Restructuring Efforts Amid Ongoing Conflict

Ukraine announced investor approval of its plan to restructure $19.7 billion in international bonds amidst its conflict with Russia. This marks Ukraine's second debt restructuring within a decade due to its geopolitical tensions with Russia. The rework includes bonds from 2014 and outstanding GDP warrants from 2015.

On Wednesday, Ukraine confirmed that investors supported its plan to rework $19.7 billion in outstanding international bonds, moving a major debt restructuring effort closer to completion amid ongoing war.

This marks Ukraine's second debt restructuring in a decade, previously undergoing a similar process in 2015 due to Russia's annexation of Crimea. The restructuring plan includes all international bonds issued before February 2014 and a $3 billion Eurobond still under legal proceedings.

After Russia's full-scale invasion in 2022, Ukraine faced severe economic hardship, prompting Kyiv to request frozen debt payments to avoid default. Despite setbacks, including deferrals and creditor negotiations, Ukraine now advances toward finalizing its debt rework, significantly backed by international creditors and agreements.

(With inputs from agencies.)