Ukraine's GDP warrant tumbles to lowest since December

LONDON, March 26 (Reuters) - Ukraine's sovereign GDP warrant slid more than 2 cents on Wednesday to its lowest since late December as a U.S.-brokered truce between Kyiv and Moscow on energy strikes appeared to falter.

The warrant shed more than 2.25 cents to trade as low as 76.92 cents on the dollar as Russia and Ukraine accused one another of flouting the agreed pause, and as conditions set by Russia cast doubt over a planned ceasefire in the Black Sea.

A loss of more than 2.2 cents would mark the warrant's biggest daily loss since August 2023.

Ukraine's international bonds also came under pressure, with the 2034 maturity falling more than 1 cents to be bid at 55.47 cents. The bonds had been trading close to 1 cent higher earlier in the day.

The European Commission said on Wednesday the withdrawal of all Russian forces from Ukraine would be one of the main conditions to lift or amend EU sanctions against Moscow.

Meanwhile, NATO Secretary-General Mark Rutte said there would be no normalisation of relations with Russia even after the war in Ukraine is over.