Ukrainian officials are exploring the possibility of debt restructuring as the war-ravaged country’s funding options are at risk of running out, according to three people familiar with the discussions.
Multiple scenarios are being considered and no decision is expected until later in the summer, according to two of the people, all of whom asked not to be identified because the talks are private. Ukraine has time until at least Sept. 1, when it faces a $1.4 billion redemption and interest payments, according to Bloomberg calculations.
Policy makers in Kyiv are struggling to keep the budget running as the country’s military fends off Russia’s invasion, which has destroyed cities, brought the nation’s key grain exports to a standstill, and displaced more than 10 million people.
