“I wonder how much post -war recovery time it takes to start Ukraine again. No one will answer this question. It is unclear when the war is over. It is unclear in what condition Ukraine will then be. Also, you do not need to confuse Vaunta and Eurobonds. This is a complex thing that does not involve cross-defolt. I will explain. You release bonds, sell in foreign markets. Bonds”, – WRITE ON: ua.news
I wonder how much post -war recovery time it takes to start Ukraine again.
No one will answer this question. It is unclear when the war is over. It is unclear in what condition Ukraine will then be.
Also, you do not need to confuse Vaunta and Eurobonds. This is a complex thing that does not involve cross-defolt.
I will explain. You release bonds, sell in foreign markets. You have a lot of bonds, you overlap their budget deficit. If at least one issue of Eurobonds has not reached agreements with creditors and announced a default, then all holders of all bonds of all issues have the right to come to you and demand payments. By refusing to pay 1 billion, you can conditionally receive a request for 30 billion. This is called cross-defolt: instant presentation of all requests for payments.
But the fact that we refused $ 650 million to make payments – this will in no way entail other payments. From this point of view, all is well. We saved 650 million and thus redirected this money to more necessary things.
I would have taken out the GDP in general for brackets. There are no questions on all our Eurobonds: there are all agreements with creditors, everything is well. And GDP-valuables are an extremely controversial document, released by Ms. Yaresko at one time and dried up from a finger. This will have to be understood.
And for other bonds, we have no problems with them. And I think we will be able to return to the markets quickly enough. But everything will depend on the state of the economy.
Oleg Pendzin