Page 5 - UKRRptDec20

But next year will be a lot more difficult. With a total of $14.5bn to redeem in 2021, of which $11bn comes due in the third quarter, and a circa 6% of GDP budget deficit to finance the government simply does not have enough cash to get through the year without the IMF’s help or seriously depleting its reserves which would cause a financial and currency crisis.
As this is Ukraine and the government usually cobbles together some sort of deal in the face of an emergency the same is likely to happen next year, but the uncertainty will further damage Ukraine’s already very poor investment image.
5​ UKRAINE Country Report​ December 2020 ​ ​www.intellinews.com