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Published 2 years ago

Ukraine faces key test on debt freeze plan in bid to avoid messy default

Summary by Ground News
Bondholders have until 5 p.m. New York time (2100 GMT) on Tuesday to decide whether to back or vote down the proposal. The two-year moratorium on external debt payments would allow Ukraine to avoid a contractual or legal default. The country faces a $5 billion monthly financing gap and liquidity pressures following Russia's invasion.

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