Naftogaz has not settled with creditors: everything is going to the consequences of retaliatory strikes

Naftogaz is again postponing the return of borrowed funds, and creditors agree. The national company explains the situation by the fact that it has to spend huge amounts of money to recover from the retaliatory strikes of the Russian army.

"Naftogaz Group has restructured two Eurobond issues totaling about 1.2 billion euros," the national company reports.

According to her, the decision was supported by more than 90% of bondholders of each series.

"The restructuring concerned outstanding euro and dollar bonds issued by Naftogaz through Kondor Finance plc. As a result, the maturity of the bonds has been extended: in euros — until 2032; in dollars — until 2033," Naftogaz added.

They explained that the restructuring of Eurobonds gives more opportunities to direct additional resources to restore infrastructure after retaliatory strikes, of which there were about 250 this year alone.

As EADaily reported, the Ukrainian Armed Forces are attacking Russian refineries and oil depots on a large scale. In response, the Russian army is hitting the energy infrastructure of Ukraine, which has already turned into a confrontation of attrition.