'Stop Payment To Western...': Zelensky's New Order As Big Jolt Hits Ukraine Amid Russian Attacks

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3 Aug 2024

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Ukrainian President Volodymyr Zelensky has signed a law to suspend debt payments to Western creditors for two months, starting August 1, as Ukraine seeks to restructure $20 billion of international debt. This follows the expiration of a two-year debt repayment moratorium. Credit rating agency Fitch downgraded Ukraine’s credit rating and warned of an imminent default, projecting the state deficit to remain high and debt to surge to 92.5% of GDP in 2024. #UkraineDebtCrisis #zelensky #debtrestructuring #UkraineEconomy #FitchRatings #FinancialCrisis #eurobonds #ukrainewar #russiaukraineconflict #putin Subscribe to The Times of India's YouTube channel: For daily news & updates and exclusive stories, follow the Times of India Facebook: Instagram: Download the app: Follow the TOI WhatsApp channel: Follow TOI for well-researched and in-depth news and analysis Facebook: Twitter: Instagram:

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