Who didn’t see this coming? The bold daylit grift machine grinds on. More $ from CONGRESS soon.
“Zelensky Suspends Ukraine’s Foreign Debt Payments Starting Aug 1st
Ukraine’s President Volodymyr Zelensky has signed a new law which defers public debt payments until October if necessary, Reuters has confirmed. The bill was signed by Zelensky and returned to parliament on Wednesday.
The government now has the authority to postpone payments on external public debt until restructuring negotiations are seen through, which could then see a moratorium held that would formally mark a sovereign default.
“It is necessary to introduce, for the period of transactions to change the terms of borrowing, temporary measures related to the servicing and repayment of debt obligations and a moratorium on satisfaction of creditors’ claims,” the bill released by the president’s office said.”
www.zerohedge.com/markets/zelensky-suspends-ukraines-foreign-debt-payments-starting-aug-1st
The Ukrainian state is reeling, unable to finance services its people desperately need. But billions in EU financial assistance are not free; they're loans, which #Ukraine will default on. Meanwhile there is little oversight or assurance the funds are going where they should. pic.twitter.com/CKTRtvXfPk
— Clare Daly (@ClareDalyIRL) December 6, 2022