Ukraine has managed to cut down its massive $20 billion debt, thanks to the financial wizardry of Rothschild & Co. Here’s how it all went down:

The Big Problem

Back in early 2022, Ukraine found itself in a tough spot. With the conflict with Russia escalating, the country was struggling to manage its enormous debt. Bondholders—big investors like BlackRock, Pimco, and Amundi—agreed to a temporary freeze on Ukraine’s debt payments. But this was just a short-term fix. Ukraine needed a long-term solution.

The Role of Rothschild

Enter Rothschild & Co, a financial advisory firm with a reputation for handling complex deals. Ukraine hired Rothschild in 2017 to help manage its finances. By mid-2022, when initial talks to restructure the debt fell through, Rothschild stepped up. They set up crucial face-to-face meetings in Paris between Ukraine’s representatives and the bondholders. This was a make-or-break moment.

The Negotiations

The first round of talks had not g...