The tasks of the Ministry of Finance of Ukraine in the upcoming negotiations in 2024 on the next restructuring of commercial debt are to avoid default and create opportunities to return to the market starting in 2025-2026, Minister Serhiy Marchenko said on "Business Breakfeast with Volodymyr Fedorin" YouTube channel on Wednesday.

"Our key task is: a) not to get into default; b) to be able to borrow on the capital market, we will need such a need, I think, starting from 2025-2026; c) to fulfill obligations under the program with the International Monetary Fund, following our indicators in relation to debt to GDP, other indicators that are envisaged for the medium term," the minister said.

Marchenko recalled that the deferment on payments on Ukrainian eurobonds expires on September 1, 2024.

"We have time, we are preparing appropriate decisions," the minister said, adding that there is still no complete picture, but there are several action plans.

The minister of finance said that in the domestic borrowing market there is no risk of restructuring or the state refusing to fulfill its obligations, but the task, on the contrary, is to expand the circle of bond owners and investors.

"Government domestic loan bonds are one of the main sources that finance the Armed Forces. Therefore, there will be no steps that will undermine faith in our ability to service domestic debt obligations," Marchenko said.