Ukraine wants its foreign debt written off

Ukraine wants its foreign debt written off

Ukraine has called on international financial organizations to cancel the country's foreign debts claiming massive destruction in the country caused by the Russian military offensive that began last Thursday.

“The scale of destruction in Ukraine … is colossal! In view of this, our external creditors must be required to write off Ukraine's debts. To date, the external debt is 1.6 trillion hryvnia, or more than $57 billion.

International financial organizations should revise the debt policy and zero out the debts of Ukraine!” the head of the Accounts Chamber of Ukraine, Valeriy Patskan, wrote on his Facebook page on Tuesday.

Russia launched a military operation in Ukraine last Thursday. President Vladimir Putin said its goal is “the protection of people who have been subjected to bullying and genocide by the Kiev regime for eight years,” referring to the shelling of the two Donbass republics, which broke away from Ukraine in 2014.

Russia’s Ministry of Defense has been repeatedly stating that its armed forces target only the military infrastructure and Ukrainian troops, not the civilian population. However, many Western states see the military operation as an “unprovoked” aggression against Ukraine, hitting Moscow with sanctions.

For more stories on economy & finance visit RT's business section

Source: www.rt.com

The last notes - Экономика

most read news

#Экономика

The US has held ‘encouraging’ talks with India about a price cap on Russian oil that Washington wants to introduce in order to limit Moscow’s revenues and push down global crude prices, Reuters
подробнее...

The EU is planning to increase liquefied natural gas (LNG) imports from Nigeria amid concerns that supply from Russia may be cut, according to the deputy director general of the European Commission’s
подробнее...

France has announced a takeover bid to gain full control of the country’s largest energy utility, EDF.The government has made an offer of €9.7 billion ($9.9 billion) to nationalize electricity
подробнее...

The business climate has substantially worsened in Germany, with industries feeling increasingly concerned about the coming months, according to a survey by a German think tank released on Monday.
подробнее...

The Chinese currency the yuan outperformed the euro by trading volume on the Moscow Exchange (MOEX) for the first time on record, trading data from Friday shows.According to the data, the trading
подробнее...

The Ukrainian government has moved to delay payments on foreign debt for two years, the country’s media reported on Wednesday. The restructuring will have to be approved by the creditors first, the
подробнее...

Twitter operated at a loss in the second quarter and suffered a decline in revenue from a year earlier, reflecting struggles that the company blamed partly on its pending sale to billionaire Elon
подробнее...

Cargo shipments via Russia’s Northern Sea Route in the first half of this year were 5% higher than in the same period of 2021, Russian Deputy Prime Minister Alexander Novak said on Monday.“In 2021,
подробнее...

Russia’s military operation in Ukraine and the subsequent Western sanctions on Moscow might push the global economy into geopolitical fragmentation, the IMF warned in a report published on July 26.“A
подробнее...

Russia will resume natural gas deliveries via the Nord Stream 1 pipeline as scheduled, once annual maintenance work is completed on Thursday, Reuters has reported, citing its sources.The
подробнее...

Ukraine’s state-run energy company Naftogaz has defaulted on its foreign debt, the firm announced on Tuesday.Naftogaz was unable to make payments on Eurobonds before a grace period expired, the
подробнее...

The German government and energy major Uniper are reportedly nearing an agreement under which the state will inject more than €5 billion ($5.1bn) into the business. The total commitment is likely to
подробнее...

Russian energy major Gazprom will stop the operation of second Siemens turbine, the company announced on Monday. As a result supply through the Nord Stream 1 pipeline will not exceed 33 million cubic
подробнее...

Germany may face shortages of such staples as toilet paper and cardboard if Russian gas supply dwindles in the coming months, German outlet Zeit Online reported on Wednesday.Operating paper plants may
подробнее...

The Russian Finance Ministry has announced a return to the public debt market by issuing a limited amount of OFZs, ruble-denominated sovereign bonds, in September, Deputy Finance Minister Timur
подробнее...

The EU has blocked a proposal to impose sanctions on Russian titanium producer VSMPO-AVISMA, the Wall Street Journal (WSJ) reported on Thursday.According to the report, the decision was made after
подробнее...

EU energy ministers have agreed on an unprecedented plan that will see member states voluntarily slash their gas consumption by 15% from August until next spring. The deal does come with exemptions
подробнее...

Iran’s official foreign currency exchange has listed the Russian currency and launched trading in the ruble/rial currency pair, the IRNA news agency reported on Tuesday.The listing comes ahead of
подробнее...