The Syndicated Loan for Ukraine: A Model for Future Crisis Collaboration

24 Pages Posted: 7 Jan 2025 Last revised: 22 Dec 2024

See all articles by Ashley Deeks

Ashley Deeks

University of Virginia School of Law

Mitu Gulati

University of Virginia School of Law

Paul B. Stephan

University of Virginia School of Law

Date Written: December 22, 2024

Abstract

The recently-announced $50 billion loan package from the G7 nations to Ukraine fell short of the $300 billion or so hoped for by the designers of its framework. The structure that the G7 used, though, was an elegant way of enabling risk sharing among a set of nations increasingly unable to justify to their populations the risk of individualized lending to Ukraine. If the structure used for the current package works (which is yet to be seen), it could enable greater levels of assistance to nations in need in the future. To that end, it is useful to understand the historical origins of the structure underlying the current loan package, which go back to the Iran and Falklands crises more than forty years ago.

Suggested Citation

Deeks, Ashley and Gulati, Mitu and Stephan, Paul B., The Syndicated Loan for Ukraine: A Model for Future Crisis Collaboration (December 22, 2024). Virginia Law and Economics Research Paper No. 2025-01, Virginia Public Law and Legal Theory Research Paper No. 2025-01, Available at SSRN: https://ssrn.com/abstract=5068165 or http://dx.doi.org/10.2139/ssrn.5068165

Ashley Deeks

University of Virginia School of Law ( email )

580 Massie Road
Charlottesville, VA 22903
United States

Mitu Gulati (Contact Author)

University of Virginia School of Law ( email )

580 Massie Road
Charlottesville, VA 22903
United States

Paul B. Stephan

University of Virginia School of Law ( email )

580 Massie Road
Charlottesville, VA 22903
United States
434-924-7098 (Phone)
434-924-7536 (Fax)

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