KYIV, Sept 14 – Ukraine has signed a memorandum of understanding on suspension of payments on state and state-guaranteed debt with a group of Ukraine's official creditors from the G7 countries and the Paris Club in order to mitigate the economic consequences of Russia's aggressive war against Ukraine.

"The agreement was concluded as an extension of the intention announced by a group of official creditors of Ukraine on July 20 to suspend payments of principal and interest on bilateral debts from August 1, 2022 to the end of 2023, with the possibility of extending the suspension for an additional year," the ministry said.