Russia Ukraine war, page-225424

The Ukrainian government announced on Monday it had failed to reach an agreement with a group of foreign bondholders that includes financial giants BlackRock and Pimco on restructuring Ukraine’s $20 billion in Eurobonds, according to a report by Reuters.

In February 2022, bondholders granted Ukraine a two-year debt freeze in view of the conflict with Russia. But that agreement ends in August, and bondholders are anxious for Kiev to begin paying interest on its debt again.
Ukraine could end up in default if new debt relief is not arranged, which would damage the country’s credit rating and complicate its ability to borrow in the future.