Home > Headlines > Ukraine to default on payment to GDP warrant holders
Headlines

Ukraine to default on payment to GDP warrant holders

Published by Global Banking and Finance Review

Posted on May 30, 2025

Featured image for article about Headlines

LONDON (Reuters) -Ukraine's finance ministry said on Friday it would not be paying more than half a billion dollars due to holders of its GDP warrants, marking the first payment default since it created the instruments.

The war-ravaged country said it owes $665 million on June 2 to holders of the $3.2 billion worth of warrants, based on 2023 economic performance.

Last year, Ukraine's parliament approved a payment moratorium on the GDP-linked securities from May 31.

(Reporting By Libby George, Marc Jones and Olena Harmash; Editing by Hugh Lawson)

Related Posts
US suspends technology deal with Britain, FT reports
US suspends technology deal with Britain, FT reports
Taiwan's global credibility on the line with disputed laws, president says
Taiwan's global credibility on the line with disputed laws, president says
Trump sues the BBC for defamation over editing of January 6 speech, seeks up to $10 billion in damages
Trump sues the BBC for defamation over editing of January 6 speech, seeks up to $10 billion in damages
Europe to launch international commission for Ukraine war damages
Europe to launch international commission for Ukraine war damages
South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate
'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate
Britain clinches upgraded South Korea trade deal
Britain clinches upgraded South Korea trade deal
Sydney mourns 15 killed as Israeli ambassador calls for greater Jewish protection
Sydney mourns 15 killed as Israeli ambassador calls for greater Jewish protection
Belarus' Lukashenko says Venezuelan President Maduro is welcome to move to Belarus
Belarus' Lukashenko says Venezuelan President Maduro is welcome to move to Belarus
Trump says lawsuit against BBC likely to be filed soon
Trump says lawsuit against BBC likely to be filed soon
German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports
German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports
European leaders agree Ukraine security guarantees should include European-led peacekeeping force
European leaders agree Ukraine security guarantees should include European-led peacekeeping force
;