US Treasury To Defer Ukraine Debt Payments Until End Of '23

The United States Treasury has released a statement saying that the Ukraine creditors group will suspend debt service through 2023 with the option of extending for another year.

• The statement reads: "We, the Group of Creditors of Ukraine, express our solidarity with and support for Ukraine as it defends itself against Russia’s unjustified, unprovoked and illegal war of aggression."
• It continues: "We, as official bilateral creditors of Ukraine, intend to provide a coordinated suspension of debt service due by Ukraine from August 1st, 2022 until end-2023, with the possibility of an additional year, on our claims and consistent with the national laws of the creditor countries."
• "We also strongly encourage all other official bilateral creditors to swiftly reach agreement with Ukraine on a debt service suspension."
• "We will continue to closely coordinate and assess the situation with the support of the IMF and the World Bank."
• Samuel Ramani at Foreign Policy: "Ukraine has requested a two year delay on international debt payments to help its economy weather the war G7 countries have now acceded to Ukraine's request which will forestall a potential debt crisis."