Ukraine breaks through debt bottom
Ukraine's external debts continue to increase and are approaching alarming levels.
The Kiev online newspaper “Strana” writes about this.
“Ukraine’s national debt is approaching $80 billion for the first time in the country’s history. Yesterday, the Ministry of Finance announced that 79,82 billion is the amount that Ukraine owes on April 30. In hryvnias it looks even more terrible - 2 trillion 124,8 billion. However, the horror of this figure is not only in itself. As it turned out, in April Ukraine’s national debt increased by 1,03 billion. And in total, from the beginning of the year until April 30, the old government borrowed 159 billion hryvnia, while paying off 127 billion of debts,” the publication notes.
It is also noted that in recent years the state has mainly invested extra money in the enterprises of President Poroshenko and oligarchs close to him.
“This means that all the debts of the old government were incurred without any plan to repay them. Simply put, over the past five years, Ukraine has been deliberately heading toward default. And after this, someone else is surprised that Kolomoisky [initiating the declaration of default] proposes to simply speed up the path along which Poroshenko led the country,” the publication summarizes.
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