Ukraine said on Thursday that it had failed to reach an agreement with holders of $2.6 billion of its debt, undermining its hopes of restructuring before a payment deadline next month, the Financial Times reports, UNN writes.
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The country's finance ministry reportedly said it would "consider all available options" after negotiations in Washington this week with holders of so-called GDP warrants failed.
The IMF said last month that "if not dealt with," these warrants "pose a serious risk" to the stability of the ongoing $15.5 billion financial assistance and Kyiv's restructuring of more than $20 billion in bonds last year.
Payments on the warrants are tied to Ukraine's annual economic growth, which could recover sharply if a ceasefire with Russia is reached, the publication notes.
"Kyiv will have to decide whether to default on a payment of about $600 million, which is due at the end of May and depends on the 2023 economic performance, if it cannot reach a restructuring agreement in time," the publication said.