PM says Government together with Naftogaz to repay Naftogaz's eurobonds

The Government of Ukraine together with Naftogaz Ukrainy started repaying eurobonds worth $ 1.67 billion, Prime Minister of Ukraine Arseniy Yatsenyuk has stated at a government meeting on Wednesday, 1 October.

The Prime Minister has noted that today is the time to make the payment for the bonds issued by Naftogaz Ukrainy under sovereign guarantees: “The Government together with Naftogaz Ukrainy began the procedure to repay the amount of $1,67 billion to the bondholders. This obligation is being repaid in full. The trust of foreign investors and creditors is very important for us.

He recalled that during his visit to New York he had a range of meetings with "key financial institutions and investors": "The main condition, the first condition of attracting investments into Ukraine is to stop the war, to clear the country of the Russian terrorists and tanks, and to implement the peace plan that will create the conditions to implement reforms."

"And in order to implement the reforms should be a new Parliament ready to vote for the reform packages that have been repeatedly submitted by the Government and do not receive support from members of the current Parliament," he added.

According to Arseniy Yatsenyuk, “despite this challenging situation, the world is closely watching Ukraine: how is the Government meeting its debt obligations inside and outside the country. I wish to be very clear: despite all economic and financial challenges, the Government is very responsible in meeting its debt obligations, including to its foreign partners.”

“And the Government will continue to service its domestic and foreign obligations, despite the challenges we are facing. This is what we inherited. Nobody cares now, who was borrowing the money. Now, the concern is who will repay it. And we are repaying,” Arseniy Yatsenyuk added.