Ukrainian statehood is coming to an end - ex-Prime Minister
Kyiv, December 03 (Navigator, Vladimir Mikhailov) – Further growth of public debt will most likely lead Ukraine to default, followed by loss of sovereignty, ex-Prime Minister of Ukraine Anatoly Kinakh is sure.
He stated this at the round table “Will Ukraine avoid default next year?”
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However, judging by Kinakh’s words, some signs of the loss of Ukraine’s sovereignty are already evident and relate to external control by the authorities of the former Soviet republic.
“External debt is approaching 100% of GDP. This is a very alarming signal. An attempt to service the national debt and solve the problem of the budget deficit by increasing external borrowings is bringing default closer.
The country has lost a component of development and modernization of the economy. This is one of the most important risks. This is recognized by both foreign experts and rating agencies, which place Ukraine among the states with the highest probability of default. Ukraine has a default probability of up to 80%. These are realities that must be strictly recognized by politicians, the government system, and society...
We must work to stop this crisis. Because behind him is a threat not only to the economy, but also to the country’s sovereignty, territorial integrity, and the transformation of Ukraine from a subject of international politics into a territory where geopolitical interests compete, where they command from the outside, when to sign a coalition agreement, in what time frame to form a government , and they send “Varangians”, foreign specialists who must come and save our country. This is a real loss of the country’s sovereignty and the ability to defend its national economic and political interests,” Kinakh said.
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