Minister’s Comment on the Cleansing Statement published by the Government of Ukraine

The Minister of Finance of Ukraine Sergii Marchenko commented on the cleansing statement published on the Euronext by the Government of Ukraine today.

"The damage caused by Russia’s unprovoked and unjustified military aggression against Ukraine has been immense and unprecedented — with economic losses estimated in the hundreds of billions, and infrastructure across the entire country severely affected. According to the World Bank, reconstruction costs are expected to exceed €500 billion over the next decade. For Ukraine to recover and rebuild, financial stability and sustainable public debt are essential.

The GDP warrants were designed for a world that no longer exists. Ukraine's modest economic growth in 2023 was not a sign of surging prosperity but a fragile rebound from a nearly 30% downturn caused by Russia’s full-scale invasion. These financial instruments must not become an obstacle to our recovery. Our objective is to reach a fair and comprehensive solution to this issue.

We remain fully committed to constructive engagement with investors — just as we demonstrated during last summer’s successful Eurobond negotiations — to secure a mutually beneficial outcome that supports Ukraine’s sustainable future and preserves investor confidence."