Following Russia's invasion, Ukraine faced economic devastation, prompting urgent debt restructuring efforts. In August 2022, Ukraine, aided by financial adviser Rothschild & Co, agreed to pause bond payments and successfully negotiated a $20 billion debt restructuring, saving $11.4 billion over three years. The negotiations, initially fraught, gained momentum through face-to-face discussions in Paris, leading to an agreement supported by over 97% of bondholders. This restructuring is crucial for Ukraine's ongoing war efforts and its program with the International Monetary Fund (IMF). The deal ranks among the largest in history, second only to those of Argentina and Greece. Experts assert that stabilizing financial conditions will benefit Ukraine during the ongoing conflict.