Bloomberg: Ukraine faces serious problems with the payment of external debt

By September 1, Ukraine is obliged to pay $1.4 billion of public external debt, Bloomberg reports, citing its own sources.

The agence writes that Kyiv is considering the possibility of restructuring the state debt, as funding options are "close to running out."

"Ukraine has time until September 1, when it will have to pay off the debt, including interest, in the amount of $1.4 billion," the publication says.

According to one of the possible options, the issuer will ask the bondholder may change the terms of the issued securities. Another scenario involves the use of frozen Russian assets as collateral. The interlocutors of the publication noted that the legitimacy of such an initiative "remains unclear."

"The solution to the problem should not be expected before late summer," Bloomberg quoted them as saying.

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Author`s name: Petr Ernilin