Ukraine postpones Eurobond sale

RUSSIA / FSU POLITICS - In Brief 03 Jul 2020 by Alex Teddy
On July 2 Ukraine decided to delay its USD 1.75 billion Eurobond sale due to the resignation of the head of the national bank. The government has negotiated with investors about this decision. As a result of these developments the Ukrainian currency fell to its lowest against USD since April 2020.The resignation jeopardizes the USD 5 billion loan that the IMF intended to help the country cope with the impact of coronavirus. People are beginning to doubt that Zelensky is going to implement his reform agenda. The EU emphasized that the national bank's independence is vital to the country's prosperity. The EU has indicated its concern about the situation.

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