Ukraine’s public debt payments deferred until 2030
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The Ukrainian government and international creditors have
agreed to defer sovereign
debt payments until 2030 to reduce pressure on the wartime budget,
Ukraine’s Finance Ministry announced on April 17.
Under the memorandum, repayments will begin in equal semiannual installments from 2035 through 2039, with interest capitalized, the ministry said. The agreement was signed by Finance Minister Serhiy Marchenko and authorized representatives of creditor countries that include Canada, France, Germany, Japan, Italy, the Netherlands, the United Kingdom, South Korea, and the United States.
“I am grateful to our international partners for their constructive stance and steadfast support,” Marchenko said.
“This decision is crucial for Ukraine because it substantially reduces the debt burden on the state budget. The payment deferment allows freed-up financial resources to be directed to the state’s immediate needs, particularly funding defense, social programs, and economic recovery.”
The memorandum covers state and state-guaranteed debt payments that were due beginning in February 2026. Servicing and repayment of that debt will be deferred through the end of February 2030, in line with a new IMF program, the ministry added.
The ministry previously reported that Ukraine’s state and state-guaranteed debt rose by $20.7 billion in 2024, mainly because of increased long-term concessional financing from international partners. In September 2024, the ministry said Ukraine’s sovereign debt fell by $9 billion after a restructuring.
As of Sept 30, 2025, Ukraine’s state and state-guaranteed
debt stood at $194.2 billion.
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