More than 80 percent of Ukraine’s debt this year is domestic, “which we can easily cover” or refinance, Finance Minister Serhiy Marchenko said in a televised interview, according to Bloomberg.
He said the debt repayment schedule was “quite modest and simple”, culminating in September, when Kyiv had to pay interest on $ 500 million in Eurobonds. The minister said Ukraine had cut spending by 180 billion hryvnia ($ 6 billion) and needed $ 5 billion to $ 7 billion a month to fund its budget as the war continued.
The Ukrainian economy may shrink by 30% to 50%, but it is too early to make an accurate estimate, said Marchenko, who will reportedly travel to Washington for the International Monetary Fund meeting starting Monday.
Source: Capital
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