Ukraine and creditors from G7 countries and Paris Club sign Memorandum of Understanding on postponement of pay

Ukraine and the Group of Official Creditors from the G7 countries and the Paris Club signed a Memorandum of Understanding on the postponement of payments on the state and state-guaranteed debt of Ukraine.

This is stated in the message of the Cabinet of Ministers, Ukrainian News Agency reports.

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

The memorandum continues the previous agreements for 2022 and 2023 and is an important element of international financial support for Ukraine.

The document provides for the deferral of payments on state and state-guaranteed debt that were due in the period from February 2026. According to the signed Memorandum, debt service and repayment will be deferred until the end of February 2030, which is consistent with the new program of the International Monetary Fund.

The payment of deferred amounts will be made after the end of this period in equal semi-annual payments during 2035-2039, with the provision for interest capitalization.

As Ukrainian News Agency earlier reported, on December 24, 2025, Ukraine announced the successful completion and settlement of the restructuring operation of government derivatives linked to GDP ("GDP warrants"), which was supported by 99.06% of investors.

In October 2015, the owners of 13 out of 14 issues of sovereign and state-guaranteed Eurobonds for a total amount of USD 14.36 billion and EUR 0.6 billion supported their restructuring.

During the restructuring, Ukraine issued GDP warrants for the amount of Eurobonds written off by creditors.

Under the terms of the issue, investors claim a share of the real GDP growth (taking into account inflation) that exceeds 3% in 2019-2038, provided that nominal GDP (excluding inflation) exceeds USD 125.4 billion.

The initiator of the issue was the then Minister of Finance of Ukraine, Natalia Yaresko.