Ukraine restructures $20 billion debt, saving $11.4 billion

Ukraine has successfully restructured over $20 billion in debt, saving $11.4 billion over three years. This deal, one of the largest in history, follows a payment moratorium initiated in August 2022 amid ongoing conflict. Key negotiations involved major asset managers and the IMF, culminating in a bondholder vote with over 97% support. The restructuring is vital for Ukraine's war efforts and economic stability.