MainMain

Ukraine to pay $28.7bn of national debt in 2018–22

The peak of payments will be in 2020.

Ukraine to pay $28.7bn of national debt in 2018–22

Ukraine in 2018–2022 will have to spend $ 28.7bn to repay and service the nation's foreign loans, Interfax-Ukraine reported on Wednesday, 13 September with a reference to the preliminary outlook of Eurobond issue in Ukraine.

The peak payments will fall on 2020, when the repayment of foreign debt will over $ 5bn and $ 1.884bn in loan interests.

In 2018, Ukraine has to pay $ 2.049bn for the repayment of loans and another $ 1.519bn to service the borrowings.

In 2019, Ukraine will have to pay $ 4.729bn and $ 1.738bn, in 2021 – $ 3.925 and $ 2.417bn, in 2022 – $ 3.076 and $ 2.371bn, respectively.

By the end of this year, Ukraine will have to pay on account of repayment of foreign debt of $ 1.113bn and – $ 1.473bn in servicing charges.

The document also provides calculations of expenses on domestic loans. In particular, by the end of the current year the debt repayment expenses are planned at the level of $ 3.548bn and service $ 2.532bn in 2018, respectively $ 4.395bn and $ 2.972bn, in 2019 – $ 2.554bn and $ 2.534bn in 2020 – $ 4.018bn and $ 2.803bn, in 2021 – $ 4.48bn and $ 3.259bn, in 2022 – $ 5.057bn and $ 3.418bn.

Domestic liabilities are calculated based on the expectations of the hryvnia exchange rate in a given year: in 2017 – 27.8 UAH/$ 1, in 2018 – 30.1 UAH/$ 1, in 2019 – 30.8 UAH/$ 1 and 202 0 – 2022 years – 31.2 UAH/$ 1.

Ukraine state debts are estimated at $ 76.06bn.