The Minister of Finance of Ukraine and the Group of Creditors of Ukraine have signed a Memorandum on the suspension of debt service due by Ukraine

The Minister of Finance of Ukraine and the Group of Creditors of Ukraine have signed a Memorandum on the suspension of debt service due by Ukraine.

The document was signed by the Minister of Finance of Ukraine Sergii Marchenko, and authorized representatives of creditor countries, including Canada, France, Germany, Japan, Italy, the Netherlands, the United Kingdom, the United States, as well as the Republic of Korea.

The Memorandum builds on previous agreements reached in 2022 and 2023 and represents an important element of international financial support for Ukraine.

It provides for the suspension of payments on State Debt and State-guaranteed Debt  that were due from February 2026. Under the terms of the Memorandum, both debt service and principal repayments will be deferred until the end of February 2030, in line with the new program of the International Monetary Fund.

Repayment of the suspended amounts will take place after this period through equal semi-annual installments over 2035–2039, with capitalization of deferred interest.

“I am grateful to our international partners for their constructive approach and unwavering support. This decision is critically important for Ukraine, as it significantly reduces the debt burden on the State Budget. This allows us to redirect freed-up financial resources to priority needs, including defense, social spending, and economic recovery,” said Sergii Marchenko, Minister of Finance of Ukraine.

The signing of the Memorandum confirms the high level of trust between Ukraine and its partner countries and demonstrates the unity of the international community in supporting Ukraine.