Ukraine's ongoing negotiations with GDP warrant holders have faltered for the second time in less than a year, delaying critical restructuring efforts for $3.2 billion in financial obligations. The finance ministry announced the cessation of talks aimed at restructuring these bond-like instruments, crucial for maintaining economic stability.

Earlier proposals in April failed, prompting a new plan to convert the warrants into traditional bonds supplemented with cash. Despite the breakdown, Ukraine remains committed to engaging with creditors, exploring all options to meet IMF program conditions while focusing on economic recovery.

The GDP warrants, issued post-Crimea annexation, depend on Ukraine's economic growth. While excluded from last year's $20 billion settlement following Russia's

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