Ukraine’s government is exploring the possibility of debt restructuring as the war-ravaged country’s funding options are at risk of running out. The country’s policymakers are struggling to keep the budget running as Russia’s invasion destroyed cities, brought the nation’s key grain exports to a standstill and displaced more than 10mln people. One of the options that Ukraine is considering involves a so-called consent solicitation, a request from the issuer for bondholder approval to amend the terms of the securities issues. Another option includes using Russia’s frozen assets as collateral, though the legal viability of such an idea is unclear.