Page 35 - UKRRptJul22

called Russia the biggest "direct threat" to Western security, the U.K. pledged to provide Ukraine with another 1 billion pounds of military support to boost the country's defense capabilities, including air defense systems, uncrewed aircraft (drones), new electronic warfare equipment and thousands of pieces of equipment for Ukrainian soldiers.
Ukraine receives $1.3 billion grant from US. The grant is part of a $7.5 billion budget funding package, Prime Minister Denis Shmyhal said on June 29.
6.1.4 Budget dynamics - privatization
A grain complex in the Odesa region is up for auction. In Izmail, Odesa region, a grain complex located near the Orlivka-Isakcha international ferry was put up for electronic auction, as announced by the Prozorro.Sales auction platform. The complex of buildings and structures for production and storage is located in the Odesa region, Izmail, Aerodromne Shosse, 2B. In the immediate vicinity of the Odesa-Reni-Bucharest highway - an international transport corridor (25 km to the Ukraine-Romania Orlivka-Isakcha ferry). The starting price of the lot is UAH 50M ($1.7M). The complex includes warehouses and technological buildings and structures with a total area of approximately 5,000 square meters. The complex's territory has an area of 3.6 hectares with a railway branch, in-plant highways, a weighing terminal, a customs control zone, and a customs-licensed warehouse with an area of 900 square meters. The auction for the sale of the complex is on June 30.
6.2 Debt
Ukraine has no problems with the repayment of external debt. On June 16, the main priority of the Ministry of Finance continues to be ensuring full reinvestment of domestic debt, both in hryvnia and in foreign currency, as stated by Government Commissioner Yuriy Butsa. He clarified that today Ukraine has three main sources of financing for the state budget deficit - the sale of domestic government bonds, the sale of NBU military bonds, and preferential foreign financing.
Currently the IMF predicts an increase in Ukraine's public debt to 86.2% of GDP this year as one of the consequences of the war with Russia. The projected debt-GDP ratios for the current and subsequent years are: in 2022 - 86.2% of GDP, in 2023 - 78.0%, in 2024 - 78.7%, in 2025 - 82.9%, in 2026 - 88.7%, in 2027 - 92.3%.
Ukraine is considering its options to restructure debt the government said on June 30. Ukrainian officials are exploring the possibility of debt restructuring as the war-ravaged country’s funding options are at risk of depletion, according to three people familiar with the discussions, reported Bloomberg. Several scenarios are being considered, but a decision is not expected until late summer. The IMF advises relevant authorities and analyzes the financial and debt situation in Ukraine. One of the options that Ukraine is considering involves a so-called consent solicitation, a request from the issuer for bondholder approval to amend the terms of issued securities. Another option includes using Russia’s frozen assets as collateral, though the legal viability of such an idea is unclear, they said.
35 UKRAINE Country Report XXXX 2018 www.intellinews.com