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NAFTOGAZ OF UKRAINE ACCUSED THE MINISTERS OF THEIR OWN DEFAULT

Naftogaz of Ukraine announced a technical default on July 26. It occurred after the company refused to pay the holders ... ... billion (about $5 billion) from the authorities. It was aimed at purchasing natural gas for the upcoming heating season. The firm then noted that only direct financing... ... itself is of a technical nature. It is known that Naftogaz in 2019 issued three types of securities for a period of 3, 5 and 7 years. Three-year bonds worth $335 million have...

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