RT: Foreign bondholders paused Kiev’s debt payments in 2022, but their patience is reportedly running out.
A group of foreign bondholders have taken steps to force Ukraine to begin repaying its debts as soon as next year, the Wall Street Journal reported on Sunday. If they succeed, Kiev could hemorrhage $500 million every year on interest payments alone.
The group, which includes investment giants Blackrock and Pimco, granted Kiev a two-year debt holiday in 2022, gambling that the conflict with Russia would have concluded by now.
With no end to the fighting in sight, the lenders have now hired lawyers at Weil Gotshal & Manges and bankers from PJT Partners to meet with Ukrainian officials and strike a deal whereby Ukraine would resume making interest payments next year in exchange for having a significant chunk of its debt written off, anonymous sources told the Wall Street Journal. more here
Looks like US taxpayers will get screwed again!
It’s only logical that we should pay it.
We won’t secure our borders but pay to secure theirs.
we strive to weaken our military, but pay to enhance theirs
We ain’t doing anything to pay our debt, sooo?
Looks like Zelenskyy will have to start doing fundraisers with his shirt off; might get the rich widowed blue-hairs to donate.
You think a few hundred billion here and there is a waste of money for US taxpayers? Just wait until the rebuilding starts, then we’ll be talking in the trillions. Otherwise democracy will literally die.
Sure, the US taxpayers will suffer. But just look at all that democracy we saved…
Our 51’st State sure has become expensive!
Zelenskyy can come to the US, identify as a trans, bank on the piano with his big weenie, and read gay books dressed in drag at your local library children’s hour. He could pay off his debt in no time flat but he’d better hurry, his window of opportunity is only going to last as long as Joey’s in the Big House
so do american taxpayers, a*****e
Old news to readers of RT. You should see the comments there!
Garbo
Ukraine even has a credit rating? BlackRock made a bad deal on Donbas (where they leased prime land), which is now legally Russia.
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Namiko Zutrau Hart
Blackrock and Pimco….serves them right for being such greedy opportunistic bastards, trying to profit off the blood of 500K dead Ukrainian soldiers and 50K or so Russian soldiers, I hope these bondholders lose their shirts and that their shareholders crucify them…Russia needs to finish this and leave nothing left for the western vultures who want to come in to Ukraine and lock up their resources for themselves.
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john wallace
No tears for those that thought they would profit from lending Ukraine money. 160 billion in debt and that after all those countries “giving” Ukraine billions for the war. Now they see the writing on the wall and are scrabbling to get something back. Perhaps they can take some of the destroyed equipment as a down payment. That has got to be worth a lot more than anything else Ukraine can offer. What was offered as collateral. Land and infrastructure that is now or shortly will be under Russian control.. Ooops… No tears …. only laughter..
Zelenskyy – “Yes, I know I’m late on payments.
I’ll get that to you as soon as the US Congress gives me my $61 BILLION allowance.”
How much extra interest did we have to pay on his loans?
Okay, this makes more.semse now. The U.S. gov’t is protecting U.S. corporations (read pocketbooks) on the taxpayers’ backs necause they are “protecting” us from corporate insolvency.
Nope!
Let’s go Brandon!
Let’s go GAE!
War and creation of money out of thin air. Has worked for centuries for bankers. Tyrants make tons of money from uninformed taxpayers.
A scheme via “aid” loans to glom Ukraine’s “breadbasket of Europe” farmlands and other assets in forced sales.
BlackRock itself already owns 1/3 or more of Ukraine’s farmland.
This is in addition to military industry deals, energy company shenanigans, biolabs, and outright pocketing of USAID and other foreign aid by politicians here and abroad via laundering.