MinFin announces the estimated payment amount under the GDP-linked Securities for 2023 GDP growth results and aims to continue negotiations with instrument holders for their comprehensive estructuring in line with IMF Program parameters

Today, the Ministry of Finance of Ukraine published a statement on the Irish Stock Exchange confirming that, according to calculations as of April 30, 2025, the payment amount under the GDP-linked Securities due on June 2, 2025, is USD 665,453,507.60.

At the same time, Ukraine reminded the holders of the GDP-linked Securities that, in accordance with the Government's decision as of August 27, 2024, a moratorium on payments under these instruments is in effect and will remain in place until the restructuring process is completed.

In August 2024, the cross-default clause was removed.

This non-payment is part of Ukraine’s broader strategy – announced at the time of Ukraine’s sovereign debt restructuring in August 2024 - to treat all claims with the restructuring perimeter equitably and fairly in order to restore debt sustainability. 

Ukraine remains committedto continued good-faith engagement with all stakeholders and continues consultations to achieve a fair and comprehensive restructuring of the GDP-linked warrants, which will ensure long-term debt sustainability without threatening Ukraine's recovery and reconstruction.