Ukraine Latest: Credit Rating Pushed Further Into Junk by S&P, 7 Apr

Ukraine will resume electricity exports to Europe as it has a surplus [tanks to demand destruction?], the country's Energy Ministry said. Ukraine can export 400 megawatts under an agreement with ENTSO-E, the European grid operators network. Ukraine can export 400 megawatts under an agreement with ENTSO-E, the European grid operators network.
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Ukraine will suspend exports of wheat, corn, sunflower and rapeseed to Poland until the new marketing year [2023/2024], the Ukrainian agriculture ministry said on Telegram, citing minister Mykola Solskyi.
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Ukraine's credit score was cut by S&P Global Ratings on Friday after the government unveiled a plan to restructure its external debt before mid-2024.

The war-torn nation was lowered to CCC from CCC+, with a negative outlook. The ratings firm cited plans for an upcoming [IMF] debt restructuring as part of Ukraine's recent arrangement with the International Monetary Fund for a $15.6 billion bailout.

The downgrade puts Ukraine on par with Ethiopia. In February, Moody's Investors Service cut Ukraine's credit rating to the second-lowest score of Ca, on par with Argentina, citing "long-lasting challenges" to its economy and public finances from the war with Russia.

Meanwhile... the search for ~ $200B-$538B missing CBR "assets" continues.
EU plans to "invest" proceeds from sale of RU cash equivalents.

The EU thinks that around two-thirds of the $300 [or $630] billion of Russian central bank [CBR] reserves frozen in G7 countries—the [US,] EU, and Australia—are currently held in the bloc, including €191 billion [of "blocked transactions" and €58B of CBR reserves] in Belgium and €21 billion in another unnamed EU country....

or $33.8B of CBR reserves plus $58B private property

But it doesn't yet fully know where Russian central bank reserves are held, and included an obligation to report on their whereabouts in its latest sanctions package.

invest in which assets? Rental properties in Ukraine? Gas rigs and refineries? SNPs? $131B equity swap? Maybe USD stablecoins or Lockheed and Raytheon?