LONDON, March 8 (Reuters) - Ukraine's sovereign dollar

bonds rose by as much as 1.45 cents, with the 2030 maturity

hitting its highest since June 2022, Tradeweb data showed on

Friday.

The 2029 maturity gained the most, adding 1.45 cents to

trade at 30.97 at 15:03 GMT, while the 2030 hit its highest

since June 2022.

Ukraine's bonds are still deep in distressed territory at

between 28.82 and 47.83 cents on the dollar. The country's debt

has been in default since shortly after Russia's invasion in

February 2022.

Western powers are debating whether frozen Russian assets

could be released to help fund Ukraine. Tim Ash of RBC BlueBay

Asset Management said expectations for a potential debt deal, as

well as progress on the use of frozen Russian assets, had

boosted the bonds.

On Thursday, the upper house of Switzerland's parliament

narrowly approved motions authorising the government to work

internationally on creating a reparations mechanism for a

country attacked in violation of international law, as is

Ukraine's case.

According to the motions, the basis of international law

should be clarified to allow a mechanism to be proposed on

transferring the frozen assets of an aggressor country to a

country subject to such an attack.