KYIV/LONDON: Ukraine has asked its international creditors, including Western powers and the world’s largest investment firms, to freeze its debt payments for two years so it can focus its dwindling financial resources on repelling Russia.

IMF expects Ukraine to continue servicing debt

Facing an estimated 35% to 45% crash in GDP this year following Moscow’s invasion in February, Ukraine’s finance ministry said on Wednesday it was hoping to finalise the deferral on its roughly $20 billion of debt by Aug. 9.