This is an international agreement between Ukraine and Japan on the restructuring of Ukraine’s debt obligations to the Japan International Cooperation Agency (JICA). The agreement provides for the deferral of loan payments issued before July 31, 2022, for the period from January 1, 2024, to March 31, 2027. Structurally, the agreement consists of two main parts:
1. Deferred Debt I – total amount of 16.4 billion yen (principal and interest)
2. Deferred Debt II – 166.3 million yen (capitalized interest)
Key restructuring conditions:
– Both debt categories will be repaid in 10 equal semi-annual payments starting from June 15, 2032
– The interest rate is set at 0.66% per annum
– Loan payments issued after January 1, 2024, are not subject to deferral
– Provision is made for possible amount adjustments after additional verification
