{"id":4178,"date":"2022-08-08T00:00:00","date_gmt":"2022-08-08T00:00:00","guid":{"rendered":"https:\/\/www.keplerkarst.com\/rodrigo-olivares-caminal-on-ukraines-debt-crisis\/"},"modified":"2025-07-22T10:06:07","modified_gmt":"2025-07-22T10:06:07","slug":"rodrigo-olivares-caminal-on-ukraines-debt-crisis","status":"publish","type":"post","link":"https:\/\/www.keplerkarst.com\/en\/rodrigo-olivares-caminal-on-ukraines-debt-crisis\/","title":{"rendered":"Rodrigo Olivares-Caminal on Ukraine&#8217;s debt crisis"},"content":{"rendered":"<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-0\">Ukraine has proposed to defer payments on its <strong>international bonds<\/strong> for 24 months to avoid default. The country&#8217;s creditors vote this week on this government proposal to decide whether to back it or vote it down.<\/p>\n<p>Our <strong>Of Counsel Rodrigo Olivares-Caminal, expert in expert in debt restructuring<\/strong>, <span style=\"color: #ffcc00;\"><strong><a style=\"color: #ffcc00;\" href=\"https:\/\/www.reuters.com\/markets\/europe\/ukraine-faces-key-test-debt-freeze-plan-bid-avoid-messy-default-2022-08-08\/\">comments on this proposal for Reuters<\/a><\/strong><\/span>.<\/p>\n<p>Rodrigo explains that the two-year moratorium on external debt payments would allow Ukraine to avoid a contractual or legal default, as any amendment on the bonds&#8217; terms would have the creditors&#8217; backing.<\/p>\n<p>In the article, Rodrigo algo explains that &#8220;<em>a contractual default, a credit event and a credit rating default are three different albeit related concepts,<\/em>&#8221; and that &#8220;<em>incurring any of the three doesn&#8217;t mean that the other two will trigger.<\/em>&#8221;<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-0\">Ukraine faces a $5 billion monthly financing gap and liquidity pressures following Russia&#8217;s invasion on Feb. 24. Time is precious: the country has a $1 billion bond maturing on Sept. 1.<\/p>\n<p data-testid=\"paragraph-0\"><strong><a href=\"https:\/\/www.reuters.com\/markets\/europe\/ukraine-faces-key-test-debt-freeze-plan-bid-avoid-messy-default-2022-08-08\/\">Read the full text <span style=\"color: #ffcc00;\">here<\/span>.\u00a0<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ukraine has proposed to defer payments on its international bonds for 24 months to avoid default. The country&#8217;s creditors vote this week on this government proposal to decide whether to back it or vote it down. Our Of Counsel Rodrigo Olivares-Caminal, expert in expert in debt restructuring, comments on this proposal for Reuters. Rodrigo explains [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":""},"categories":[797,755],"tags":[430,825,779,445,828,431,829,856,766,493],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rodrigo Olivares-Caminal on Ukraine&#039;s debt crisis | Kepler-Karst<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keplerkarst.com\/en\/rodrigo-olivares-caminal-on-ukraines-debt-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rodrigo Olivares-Caminal on Ukraine&#039;s debt crisis | Kepler-Karst\" \/>\n<meta property=\"og:description\" content=\"Ukraine has proposed to defer payments on its international bonds for 24 months to avoid default. The country&#8217;s creditors vote this week on this government proposal to decide whether to back it or vote it down. Our Of Counsel Rodrigo Olivares-Caminal, expert in expert in debt restructuring, comments on this proposal for Reuters. Rodrigo explains [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.keplerkarst.com\/en\/rodrigo-olivares-caminal-on-ukraines-debt-crisis\/\" \/>\n<meta property=\"og:site_name\" content=\"Kepler-Karst\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-08T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-22T10:06:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.keplerkarst.com\/wp-content\/uploads\/2023\/04\/logo-keplerkarst.png\" \/>\n\t<meta property=\"og:image:width\" content=\"674\" \/>\n\t<meta property=\"og:image:height\" content=\"40\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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