Thursday, October 18, 2018

Ukraine immersed in massive debt



Recently, the Ministry of Finance of Ukraine has published the disastrous amount of compulsory payments on a huge national debt. In particular, Kiev will have to pay 3.069 trillion grivnas from this year to 2025, including 1.948 trillion and 1.121 trillion grn worth of debt repayment and debt service respectively.

In the first half of this year, the Ministry of Finance paid only 104.725 billion grn in settlement of the enormous national debt. In addition, Ukraine paid the IMF $606.8 million in August as debt servicing.

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