Ukraine can save 200 billion hryvnias ($5.45 billion) for priority needs by deferring its external debt repayments, Prime Minister Denys Shmyhal said on Tuesday.
Ukraine has launched a formal consent solicitation to holders of its international bonds, proposing a two-year debt freeze on most of its bonds and giving creditors until August 9 to vote on the proposal.
Shmyhal also said the Ukrainian government had approved a request to the U.S. government for a "gas lend-lease" arrangement to help Ukraine through what he said would be the toughest heating season in its history.
Yuriy Vitrenko, chief executive of Ukraine's state oil and gas company Naftogaz, said last week the company was working with the government to raise $8 billion in funds to buy 4 billion extra cubic metres (bcm) of gas needed for Ukraine's 2022/23 heating season.
Vitrenko said on July 18 that Ukraine currently had reserves of 11.5 bcm and had secured funding for imports to get reserves up to 15 bcm, but that a higher target of 19 bcm had been set by the government due to Russia's invasion of Ukraine.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Fire At Europe's Largest Nuclear Power Plant, Russia, Ukraine Trade Blames Ukraine Man, Son Die As Debris From Downed Russian Weapon Falls On House In Over 2 Years Of War, Russia And Ukraine Are Also Fighting Fake News Rahul Gandhi's Seat At Red Fort Triggers Fresh Congress Attack On BJP "Don't Expect Anything From Me": Kolkata Hospital's New Principal Loses Cool Nurse Raped, Killed On Way Home, Body Found 9 Days Later In UP Kim Dotcom To Be Extradited From New Zealand After 12-Year Fight With US Nurse Raped, Killed On Way To Home, Body Found 9 Days Later In UP Google Brings 'AI Overviews' To India With Country-First Features Track Latest News Live on NDTV.com and get news updates from India and around the world.