Abstract
In the article the 20% debt haircut agreement was analyzed with possible threats and benefits being showed. It was emphasized that encouraging the bondholders to agree on restructuring terms, Ukraine took a step into incertitude. First and foremost it promised to pay holders a percentage of its economic growth from 2021. Given the difficulty to make a proper forecast for Ukraine, it’s uncertain if the so called “win-win” deal will prove to bring economic stability and prosperity and the resources to pay off debt.
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