>>21126924

Make check payable to Blackrock

Canada #60 >>2112771

Ukraine could declare default – The Economist

Kiev so far has failed to restructure its debt, the outlet has said

Kiev could default on its enormous debts as early as next month if it fails to negotiate a restructuring deal with its creditors, The Economist reported on Sunday.

In February 2022, bondholders – including US financial giants BlackRock and Pimco, as well as French asset manager Amundi –granted Ukraine a two-year debt freeze in view of its conflict with Russia. But that agreement expires in August, and Kiev's creditors are anxious for it to begin paying interest on its debt again.

According to the outlet, the arrangement is worth 15% of Ukraine’s annual GDP, meaning that if payments had been required, they would have been Kiev’s second-biggest category of expenditure after defense.

The conflict with Russia has dealt a heavy blow to the Ukrainian economy, which has shrunk by a quarter since the outbreak of hostilities, the outlet said. Kiev’s debt-to-GDP ratio will approach 94% by the end of the year, despite “impressive” Western backing, although this largely comes in the form of “artillery, tanks and earmarked funds, rather than cash,” the article noted.

Ukraine has a month to avoid default,” the outlet said, adding that the International Monetary Fund (IMF) is keen to negotiate a debt-relief plan, but any such deal is unlikely in the time available.

Last month, the Ukrainian government failed to reach agreement with a group of foreign investors on restructuring the country’s $20 billion debt in Eurobonds. Kiev has been urging bondholders to accept a steep debt writedown as it tries to meet IMF demands to restructure and retain access to international markets.

Ukraine sought to reduce its debt by 60% of its current value, while creditors said 22% was “more reasonable.”

If a new debt-restructuring deal is not reached, Ukraine would end up in default. This would damage the country’s credit rating and complicate its ability to borrow in the future.

Most likely scenarios for Kiev involve an extension on its debt-service freeze until 2027 or the declaration of a default, the outlet said. Either way, Ukraine will not resume payments to its creditors, it added.

https://www.rt.com/business/600269-ukraine-debt-restructuring-default/

>>21127213 (me0

Sorry, Canada #60 >>21122771

>>21127213 (me)

Here's what happened earlier

Canada #58 >>20842758

BlackRock and others form a group to try to pressure Ukraine to start repaying its debts

By Rhoda Wilson on May 8, 2024

A group of foreign bondholders have taken steps to force Ukraine to begin repaying its debts as soon as next year, the Wall Street Journal reported on Sunday.

If they succeed, Kiev could haemorrhage $500 million every year on interest payments alone.

The group, which includes investment giants BlackRock and Pimco, granted Kiev a two-year debt holiday in 2022, gambling that the conflict with Russia would have concluded by now.

With no end to the fighting in sight, the lenders have now hired lawyers at Weil Gotshal & Manges and bankers from PJT Partners to meet with Ukrainian officials and strike a deal whereby Ukraine would resume making interest payments next year in exchange for having a significant chunk of its debt written off, anonymous sources told the Wall Street Journal.

The group holds around a fifth of Ukraine's $20 billion in outstanding Eurobonds, the newspaper reported. While this figure represents a fraction of Ukraine’s total external debt of $161.5 billion, servicing the interest on these bonds would cost the country $500 million annually, the bondholders said.

Should the bondholders fail to strike a deal with Kiev by August, Ukraine could default. This would damage the country's credit rating and restrict its ability to borrow even more money in the future.

According to the newspaper, Ukrainian officials are hoping that the US and other Western governments will take its side during talks with the bondholders. However, a group of these countries have already offered Ukraine a debt holiday on around $4 billion worth of loans until 2027, and are reportedly concerned that any deal with the bondholders would see private lenders being repaid before them.

Ukraine already relies on foreign aid to keep government departments open and state employees paid. The country's military is almost entirely dependent on foreign funding; officials in Kiev and the West were predicting imminent defeat until the US Congress approved a foreign aid bill last month which included $61 billion for Ukraine and US government agencies involved in the conflict.

The bill provides almost $14 billion to Ukraine for the purchase of weapons, and includes $9 billion in new "forgivable loans."

According to the Wall Street Journal, some bondholders have suggested that the US and EU could use frozen Russian assets to pay off Ukraine’s debts. While around $300 billion in assets belonging to the Russian central bank have been frozen in American and European banks since 2022, the US only passed legislation allowing for their seizure last month, and no similar legal mechanism exists in Europe, where the vast majority of these assets are held.

The International Monetary Fund (IMF) and European Central Bank (ECB) have both urged governments not to steal this money, with ECB chief Christine Lagarde warning last month that doing so would risk "breaking the international order that you want to protect."

https://expose-news.com/2024/05/08/creditors-try-to-pressure-ukraine-to-repay-its-debts/

Canada #60 >>21127120

“If I Was Biden I’d Hurry Up and Have Trump Murdered” – BBC Presenter Sparks Outrage After Calling for Murder of President Trump

by Jim Hoft Jul. 2, 2024

BBC presenter David Aaronovitch sparked outrage on Monday after he called for the murder of President Donald Trump on Twitter-X.

Aaronovitch, who has since deleted his call for murder from X, called on Joe Biden to “Hurry Up” and “have Trump murdered.”

Don’t forget, it is the left that ALWAYS attacks the right for being violent and dangerous. And it is ALWAYS projection.

David Aaronovitch defended his call for murder before he deleted his tweets.

Aaronovitch is a presenter of BBC Radio’s 4’s Briefing Room.

The Express reported:

A top BBC presenter has sparked fury today after tweeting that President Joe Biden should have Donald Trump ‘murdered.’

David Aaronovitch, who presents Radio 4’s Briefing Room show, took to X/Twitter shortly after 5 pm and said: “If I was Biden I’d hurry up and have Trump murdered on the basis that he is a threat to America’s security #SCOTUS.”

The hashtag suggests his wild opinion was sparked by the ruling from the Supreme Court today, which ruled that former presidents have absolute immunity from prosecution for their official acts.

The post from Mr Aaronovitch sparked instant backlash from those who saw it, with many pointing out an egregious breach of the corporation’s rules around employee impartiality.

Responding to journalist Jack Montgomery who accused him of “Trump derangement syndrome”, Mr Aaronovitch doubled down and lashed out, replying: “Did you see the Supreme Court ruling Jack? Or were you too busy with your head up Nigel Farage’s derriere?”

…An hour after posting the tweet, he told one critic that the post was “satirical and based on today’s 6-3 ruling on presidential immunity.”

Mr Aaronovitch finally deleted the post after around 90 minutes, tweeting: “There is now a far right pile-on suggesting that my tweet about the Supreme Court’s ruling on presidential immunity is an incitement to violence when it’s plainly a satire.

https://www.thegatewaypundit.com/2024/07/if-i-was-biden-id-hurry-up-have/

>>21127341

I feel true white hat generals would not reveal themselves

>>21127401

"I'm waiting for them to try for a bailout like when Ed Kich was Mayor and find all the money went to "Ukraine"but Florida and Texas will happily bus in more illegals''

General Research #25696 >>20950956

Real Estate Investor Says Nobody Wants to do Business in New York City Following Trump Verdict

by Mike LaChance May. 31, 2024 10:15 pm

Real estate investor Grant Cardone appeared on the fox Business Network this week following the Trump verdict and said that it is going to have far reaching effects on the city’s economy. He suggested that nobody (including him) wants to do business in New York City anymore because they no longer trust the political and legal system there. Cardone says that the people who are invested in his company wouldn’t even allow him to do business there. From FOX Business: “If they can do this to Donald Trump, a former president, regardless of how you feel about the politics, if they can do this to a former president, what can they do to Grant Cardone? What can they do to any other businessman?,” the Cardone Capital founder also chimed in Friday on “Varney & Co.”

Cardone recently pulled his business out of the Empire State and cautioned that Trump’s legal troubles — including a previous $355 million fine in a New York civil fraud case in February — would “wreak financial havoc” on the city.

“I have 15,000 investors with me at Cardone Capital. We’ve raised $1.3 billion. If I went to them today and said, ‘I want to invest in New York City,’ they would not give me money to do that,” the investor argued.

“That’s one of the greatest cities on planet Earth. And nobody wants to go there and do business,” Cardone continued. “I blame the legal system. Clearly, the political system has been weaponized.”

New York City is already struggling under the weight of crime, reduced revenue due to people leaving, and the border crisis.

Now they are also going to deal with fewer investments from people just like Cardone.

This situation is going to have an impact on NYC that will last a long time and in ways that cannot even be seen yet.

https://www.thegatewaypundit.com/2024/05/real-estate-investor-says-nobody-wants-do-business/

Video (3:13)

https://www.youtube.com/watch?v=d1w_bGdJY1Q