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The government of Ukraine has been "sounding out" major investors about the possibility of restructuring the country's $20 billion in international debt and raising new funds, Reuters reported out of London, citing three unnamed sources.
The head of Ukraine's debt management office, Yuri Butsa, has been seeking investor feedback on the plans in recent weeks ahead of talks scheduled to start early in 2024, the sources said.
Ukraine has added a new sense of urgency into the talks amid signs that international support may be declining even as the war with Russia continues unabated and violence in Gaza dominates global headlines, the news agency reported.
The talks are informal and the country's finance ministry and debt management office said they would comment later.
One source said Busta held "many direct meetings" with creditors and aims to shore up access to financing during its program with the International Monetary Fund (IMF), which runs out in 2027.
