KYIV – Ukraine can save 200 billion hryvnias ($5.45 billion) for precedence wants by deferring its exterior debt repayments, Prime Minister Denys Shmyhal stated on Tuesday.
Ukraine has launched a proper consent solicitation to holders of its worldwide bonds, proposing a two-year debt freeze on most of its bonds and giving collectors till August 9 to vote on the proposal.
Shmyhal additionally stated the Ukrainian authorities had authorised a request to the U.S. authorities for a “gasoline lend-lease” association to assist Ukraine by way of what he stated could be the hardest heating season in its historical past.
Yuriy Vitrenko, chief government of Ukraine’s state oil and gasoline firm Naftogaz, stated final week the corporate was working with the federal government to lift $8 billion in funds to purchase 4 billion further cubic metres (bcm) of gasoline wanted for Ukraine’s 2022/23 heating season.
Vitrenko stated on July 18 that Ukraine presently had reserves of 11.5 bcm and had secured funding for imports to get reserves as much as 15 bcm, however that a greater goal of 19 bcm had been set by the federal government as a consequence of Russia’s invasion of Ukraine.
($1 = 36.7000 hryvnias)
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