Ukrainian Eurobonds fell on Monday, March 3, amid a row between Ukrainian President Volodymyr Zelensky and US President Donald Trump. This was reported by forex.ua with reference to Reuters.
Bonds maturing in 2035 lost the most in price – their value decreased by 3.6 cents, reaching 61.7 cents per dollar. This is the minimum figure for the last month. GDP warrants fell by more than 2 cents, falling to a level slightly above 80 cents.
According to Reuters, recently Ukrainian debt has been showing fluctuations similar to a roller coaster.
In mid-February, after Trump called Zelensky a “dictator” and began to improve relations with Russia, Ukrainian bonds fell sharply. However, most of them partially recovered last week amid hopes of a minerals deal that could help shift the US president’s stance in favor of supporting Ukraine in the war.
Optimistic expectations were dashed after Zelensky prematurely ended his visit to Washington on Friday, February 28, where the deal was scheduled to be signed.
On Sunday, March 2, Zelensky met with European leaders in London, who agreed to prepare a peace plan for Ukraine and present it to Washington. This initiative is crucial because it would allow the US to provide the security guarantees that Ukraine considers necessary to counter Russia.
