Dinu Patriciu Eurasia Center Resident Senior Fellow Anders Åslund writes for Kyiv Post on a deal to restructure Ukraine’s debt:
Today Ukraine received great news. Private owners of $19 billion of Ukraine’s Eurobonds have agreed to a substantial debt restructuring that will give Ukraine much-needed relief. The high bond yields have been sharply reduced, the bonds’ maturities have been prolonged, and the face value of the bonds has been reduced by 20 percent.