Strategy Note /
Ukraine

Ukraine GDP warrants under pressure

  • Warrant prices have fallen sharply in the last few days, continuing a downward drift since June

  • We attribute this to renewed Russian troop build up on the border and downward revisions to Ukraine's growth outlook

  • Q3 GDP numbers suggest growth will struggle to breach 3% this year implying no payment until 2024 at the earliest

Ukraine GDP warrants under pressure
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
16 November 2021
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