In February 2022, bondholders – including US financial giants BlackRock and Pimco, as well as French asset manager Amundi –granted Ukraine a two-year debt freeze in view of its conflict with Russia. But that agreement expires in August, and Kiev’s creditors are anxious for it to begin paying interest on its debt again.
According to the outlet, the arrangement is worth 15% of Ukraine’s annual GDP
Most likely scenarios for Kiev involve an extension on its debt-service freeze until 2027 or the declaration of a default, the outlet said. Either way, Ukraine will not resume payments to its creditors, it added.
Thankfully, the Ukranians are (very unintentionally) contributing to the destruction of the imperialist world order, and even the increasing decline of the west altogether.
If they have any sense (and if their nation still exists) after this, they should overthrow their entire comprador-kleptocracy, purge the Nazis and run them off to western Europe, reject all the debts incurred by the illegitimate puppet regimes the west propped up after the Euromaidan, and seek terms with Russia and BRICS instead. They don’t need the west, in fact the entire world will increasingly be better off without the west (which the imperialists are so helpfully ensuring will come to pass- with each theft of reserves and weaponizing of their financial systems, with their sanctions, with their trade wars and attempts to decouple from China, with their being genocidal maniacs and warmongers offering nothing but eternal war).