乌克兰战争

Ukraine needs sizeable private debt forgiveness
FT社评:乌克兰有理由要求债权人减记债务

If it is to keep standing up to Putin, Kyiv has to be firm with bondholders
只要乌克兰决心抵抗俄罗斯入侵,它面对私人债券持有人时必须敢于坚持自己的立场,寻求约40%的债务减免。

Wars are expensive, and Russia’s invasion has cost Ukraine billions of dollars. Kyiv was already in a complex debt situation going into the war, having restructured its private debt in 2015 after Russia annexed Crimea the previous year. But the country must now balance borrowing to fund the war with managing old debt obligations.

战争是代价高昂的,俄罗斯的入侵已经让乌克兰付出巨额的代价。战争爆发前,基辅方面的债务处境就很复杂——2015年,即俄罗斯吞并克里米亚次年,乌克兰欠私人部门的债务已经进行了重组。但现在,该国必须在借款继续打仗与应对旧债务义务之间进行权衡。

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