Ukraine will not pay for state derivatives for more than $ 665 million, which was made on June 2, 2025. This decision is part of a broader debt strategy aimed at restoring the country's financial stability in wartime and the need for large -scale post -war reconstruction. This was officially reported by the Ministry of Finance of Ukraine through a statement posted on the Irish Stock Exchange.
According to the document, the amount of the next payment is $ 665 453 507.60, but the payment will not be made within the framework of the current moratorium, which was introduced by the Government of Ukraine on August 27, 2024. This moratorium applies to all payments for state derivatives before the completion of the restructuring process.
State derivatives are debt tools issued by Ukraine in 2015 after preliminary restructuring of external debt. Their peculiarity is that they are not classic bonds - payments for them depend on the dynamics of growth of Ukraine's GDP. If certain economic indicators are reached, Ukraine must pay investors additional amounts, which makes this tool sensitive to economic recovery.
One of the important decisions made in 2024 was the removal from the conditions of derivatives of cross-defolt. This means that non -payment of one type of obligations does not automatically lead to technical default on other debt tools, including Eurobonds. Thus, the Ministry of Finance emphasizes that the current moratorium does not pose a threat to the general financial stability of the country.
"Compliance with the moratorium on public derivative payments does not lead to cross-defolt on obligations on foreign government bonds and does not pose a threat to the financial stability of the state," the Ministry of Finance said in an official statement.
