Without a new cash infusion, Ukraine is on track to run out of money later this year. The most realistic way to get a large amount of money is to mobilize $300 billion in frozen Russian assets as a loan—building on an existing $50 billion G7 loan that tapped the interest on these reserves. This would support Kyiv’s budgetary needs for approximately another three years at its current spending rate—with no economic cost to either US or European taxpayers.
Ukraine fails to reach deal on restructuring $2.6 billion debt, faces default
- The Ukrainian government said on April 24 that it has failed to reach
an agreement with its debtholders to restructure some $2.6 billion of
debt.This means Kyiv might have to default on paying some $600 million ahead of the deadline in late May
- The International Monetary Fund (IMF) has warned that failure to resolve
the warrant issue could threaten further debt restructuring, as well as
its ongoing $15.6 billion bailout program, the Extended Fund Facility (EFF).
"Ukraine indicated that it could not accept the Restricted Holders’
Proposal and declined to make any further proposal to the Restricted
Holders before the end of the Restricted Period," the Ukrainian
government said in a statement after April 15-23 talks in Washington.
Kyiv nevertheless pledged to continue to engage with its debtholders and seek other options for restructuring the debt.
The $2.6 billion sum concerns the so-called GDP warrants, a financial
instrument that gives the debtholder the right to additional payments
based on the country's economic performance.
"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," Ukraine's Finance Minister Serhii Marchenko said in a statement. - "These
financial instruments must not become an obstacle to our recovery. Our
objective is to reach a fair and comprehensive solution to this issue."
- The warrants were not part of last year's deal to restructure some $20 billion
in national debt.
- That agreement, concluded with some creditors in July
2024, allowed Ukraine to avoid default and continue financing its
defense against Russia's full-scale war.
The International
Monetary Fund (IMF) has warned that failure to resolve the warrant issue
could threaten further debt restructuring, as well as its ongoing $15.6 billion bailout program, the Extended Fund Facility (EFF).
Friday, April 25
7:00 PM
Russian presidential
aide Yuri Ushakov described the conversation as "constructive and
useful," saying it helped "further bring the positions of Russia and the
United States closer not only on Ukraine, but also on several other
international issues."
The document, reprinted
in full by the news outlet, contains numerous points that show the
diverging viewpoints of the U.S. on one side, and Ukraine and its
European allies on the other as they seek to end Russia's full-scale
invasion.
6:18 PM
The publication also
released a counterproposal delivered by Ukrainian and European officials
earlier this week. The documents expose disagreements on critical
issues, including territorial concessions, sanctions relief, security
guarantees, and the size of Ukraine's armed forces.
Chornobyl disaster
occurred in the early hours of April 26, 1986, in Soviet Ukraine. Nearly
39 years after the worst nuclear disaster in history, Russia’s brazen
attack on the $2 billion New Safe Confinement (the sarcophagus enclosing
the destroyed reactor) in February 2025 poses a new potential
radioactive danger as engineers race to repair the damage.
The Kyiv Independent’s Kollen Post dives into why the restoration is not
as simple as it may seem.
4:58 PM
Video compilations of
Trump's multiple '24 hours' claims show him speaking authoritatively,
forcefully, seriously, and with little to no sign of any "jest."
4:53 PM
"Crimea will stay with
Russia. And (President Volodymyr) Zelensky understands that, and
everybody understands that it's been with them for a long time," U.S.
President Donald Trump said.
4:20 PM
"Negotiating with the war criminal Putin is evidently futile," a statement signed by officials from eight countries said.
3:46 PM
Michael Gloss studied
Human Ecology at Middlebury College in Vermont and was described by
friends as an eco-activist, women’s rights supporter, and anti-fascist.
Steve Witkoff has visited Russia several times this year and met with Putin on at least three occasions.
The Ukraine Reparation Loan Solution 
February 25, 2025
By Hugo Dixon | Lee Buchheit
???????????????????????????????????????????????????????????????????????
Conclusion
A reparation loan is a legally sound way of mobilizing $300 billion for Ukraine’s defense.
Much of the money would be spent on US weapons but come at no cost to US or Western taxpayers.
It would also help convince Putin that Kyiv could withstand a war of attrition while Russia would suffer—enhancing Ukraine’s leverage in ceasefire talks.
This is strongly in the West’s interests and embodies Trump’s policy of “peace through strength.”
There is no time to waste. With Ukraine suffering on the battlefield, its partners holding frozen Russian assets should swiftly provide a reparations loan.
(Updated: )
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