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Reuters
Reuters
Business

Ukraine says it can save nearly $5.5 billion by postponing debt repayments

Ukraine Denys Shmyhal Yuriy Vitrenko
FILE PHOTO: Ukrainian Prime Minister Denys Shmyhal addresses the closing news conference during the Ukraine Recovery Conference (URC2022) in Lugano, Switzerland July 5, 2022. REUTERS/Arnd Wiegmann

Ukraine can save 200 billion hryvnias ($5.45 billion) for priority needs by deferring its external debt repayments, Prime Minister Denys Shmyhal said on Tuesday.

Ukraine has launched a formal consent solicitation to holders of its international bonds, proposing a two-year debt freeze on most of its bonds and giving creditors until August 9 to vote on the proposal.

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