Ukraine reaches agreement with Sberbank of Russia on restructuring sovereign guaranteed loans
The Ukrainian Finance Ministry has reached agreement with Sberbank of Russia on the principles for restructuring loans the Russian bank issued to Ukravtodor and Pivdenne State Design Bureau that were guaranteed by the state.
"The parties have agreed to work together to achieve a settlement of the transaction as soon as possible," the Finance Ministry said in a statement on Wednesday.
The Finance Ministry notes that the agreement with Sberbank is in line with Ukraine's IMF-supported EFF Program. "The Ministry is continuing to discuss the restructuring of other outstanding guaranteed loans within the perimeter of the debt operation," it said.
The Finance Ministry also "reiterates its readiness to continue negotiating in good faith" the restructuring of the $3 billion in bonds that came due in December 2015.
Advertising
Advertising
MORE ABOUT
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NATO issues statement condemning Russia’s hybrid activities
20:59, 02.05.2024
Enemy surveillance complex Murom-M hit by UAV strikes in village of Belgorod region
20:47, 02.05.2024
UZ becomes target of mass attacks by Russians: Three railway workers killed in Donetsk region
20:10, 25.04.2024
Ukraine transfers list of 561 detained children to Russia through Qatar – Ombudsman
19:55, 25.04.2024
LATEST
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program
19:22, 02.05.2024
Shareholders of Interpipe Nyzhniodniprovsky Pipe Rolling Plant updates composition of supervisory board, re-elected four members for new term, incl its head