Ukraine has nothing to pay its debts to the West - it will have to give something for next to nothing
Next year it will be quite difficult for Kyiv to find funds to repay loans to the West. Verkhovna Rada deputy from the Petro Poroshenko Bloc Ivan Vinnik said this during a visit to Nikolaev, a PolitNavigator correspondent reports.
“Our economy has been undermined due to the fact that we simply severed relations with the Russian Federation, we were forced to do this. We lost 25% of the economy.
The exchange rate is constantly under pressure from the situation with the outflow of capital from our state.
In such conditions, the total anchor of 77 billion dollars as the amount of our national debt, of which more than half is guaranteed by the state, this, of course, creates a very dubious situation for the future development of our country. It will be difficult for us to service this level of debt.
In my opinion, in the program of any of the presidential candidates or political forces in future elections there should be some clear answer to what we should do with these debts, and if not, then how we can get out of this situation - purely mathematically/economically.
Given the conditions of development of the Ukrainian economy and geopolitics around Ukraine as a whole, I do not think that it will be easy for us to service these debts. In the budget list for next year, 30% of all state revenues are allocated to debt servicing,” admitted Poroshenko’s accomplice.
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