Ukraine intends to postpone repayment of Eurobonds as well as interest payments for 24 months starting August 1, according to a government resolution published on Wednesday.

The government has instructed the Finance Ministry to hold negotiations with creditors on deferring payments by August 15, promising additional interest on the delayed payments.

The government also plans to postpone payment on the GDP-linked warrants from May 2023 to August 2024, it said.