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News story GROUP OF CREDITORS TO UKRAINE STATEMENT ON A DEBT DEFERRAL FOR UKRAINE In continuing solidarity with Ukraine, the UK, as part of Ukraine’s bilateral group of creditors, has

released a joint statement on a debt deferral for Ukraine. This was published under the 2019 to 2022 Johnson Conservative government We, the Group of Creditors of Ukraine, express our

solidarity with and support for Ukraine as it defends itself against Russia’s unjustified, unprovoked and illegal war of aggression. We note the publication today of a consent solicitation

from Ukraine to defer the debt service due to bondholders from August 1st, 2022 and to extend payment maturities. In these exceptional circumstances, and acknowledging Ukraine’s exemplary

track record of honoring debt service to date, the members of the Group of creditors of Ukraine support this consent solicitation and strongly encourage bondholders to consent to Ukraine’s

request. The members of the Group of Creditors of Ukraine also note the concurrent publication today of a consent solicitation from Ukraine to adjust certain payment mechanisms in the terms

of its GDP-linked warrants, and encourage warrantholders to consent to these requests. Bondholders’ and warrant-holders’ approval of Ukraine’s proposals would represent substantive support

for the government and people of Ukraine. In light of this, we, as official bilateral creditors of Ukraine, intend to provide a coordinated suspension of debt service due by Ukraine from

August 1st, 2022 until end-2023, with the possibility of an additional year, on our claims and consistent with the national laws of the creditor countries. We also strongly encourage all

other official bilateral creditors to swiftly reach agreement with Ukraine on a debt service suspension. We will continue to closely coordinate and assess the situation with the support of

the IMF and the World Bank. BACKGROUND NOTE The Group of Creditors of Ukraine includes Canada, France, Germany, Japan, United Kingdom, and the United States of America. Observers to the

Group include Australia, Austria, Belgium, Brazil, Denmark, Finland, Ireland, Israel, Italy, Korea, the Netherlands, Norway, Spain, Sweden, and Switzerland. SHARE THIS PAGE The following

links open in a new tab * Share on Facebook (opens in new tab) * Share on Twitter (opens in new tab) UPDATES TO THIS PAGE Published 21 July 2022