became the country’s first government entity to default since the start of the Russian invasion.
Some relief on foreign exchange revenue and liquidity would also come from the deal agreed last week between Moscow and Kyiv to allow safe passage for grain shipments in and out of Ukrainian ports, blockaded by Russia since its invasion. Speaking about the central bank’s intervention in currency markets as well as its bond buying program, Shevchenko said both would continue for now, though the latter would cease as soon as the war ended.
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