Campaign success: Cancel Ukraine’s debt
Ukraine’s lenders have agreed to campaigners’ demands to suspend the country’s debt repayments for around two years. This will free up billions of dollars to enable the Ukrainian people to…
Ukraine to suspend foreign debt repayments
Press reaction 20 July 2022 For more information and interviews contact Jerome Phelps on +44 (0) 7906 813716 Ukraine is today expected to take the first step towards defaulting on…
Cancelling Ukraine’s debt would help the whole world
Ukrainians need resources now. The country needs to get food and medicine to communities living under Russian bombs and siege. It needs to help 6.5 million displaced people get to…
Cancel Ukraine’s Debt
As bombing and shelling ripped through Ukraine’s towns and cities in the first week of the invasion, the Ukrainian government still made a scheduled interest payment to its private lenders…
Developing county borrowing costs increase 7 times more than US in past year
Interest rates on new developing country borrowing increased by an average of 2.2 percentage points over the course of 2018. Yields on low- and lower-middle income country debt, calculated by…
Ukraine’s ‘odious debt’ defence of $3bn Russian default goes to UK court
The English Court of Appeal has overturned a previous ruling and said that Ukraine’s “duress” defence of its non-payment of a $3 billion debt to Russia can go to a…
Russia suing Ukraine in London shows failure of global debt rules
Russia’s case against Ukraine for repayment of a $3 billion loan will begin in London on Tuesday 17 January. Commenting ahead of the case, Sarah-Jayne Clifton, Director of the Jubilee…
