News this week that the Ukrainian state gas company, Naftogas, is reviewing its finances appeared ominous for bondholders expecting payment on a $335m Eurobond due July 19.
Thanks again for your insight Tim. A quick question - it appears Canada, the UK and the EU have all either decided to or are leaning heavily towards using confiscated Russian funds towards rebuilding Ukraine. Could any of these entities agree this independently and begin to issue those funds out now against these debt payments or is each country too risk averse to go it alone?
It’s possible but ultimately I think it will be a joint initiative. I think this happens btw. I just think the revulsion with what Putin has done is so severe while the Western tax payer will not want to spend hundreds of billions on reconstruction it just makes sense to use frozen Russian assets. Ironically more likely as long as Putin stays in office.
Ukraine is caught in an avalanche. It is trying to get out from under the snow. It is unknown whether it will survive if it does.
Ukraine has already survived. Putin tried to take the whole country - he failed. He has 20% now but doubt even that is sustainable.
Thanks again for your insight Tim. A quick question - it appears Canada, the UK and the EU have all either decided to or are leaning heavily towards using confiscated Russian funds towards rebuilding Ukraine. Could any of these entities agree this independently and begin to issue those funds out now against these debt payments or is each country too risk averse to go it alone?
It’s possible but ultimately I think it will be a joint initiative. I think this happens btw. I just think the revulsion with what Putin has done is so severe while the Western tax payer will not want to spend hundreds of billions on reconstruction it just makes sense to use frozen Russian assets. Ironically more likely as long as Putin stays in office.
what is this garbage
what is this garbage