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Sunday, November 13, 2022

Ukrainian bankruptcy looming

 🗣 Russian Duma speaker Volodin stated that 2014 coup d’etat in Ukraine have resulted in complete loss of sovereignty of the country. Before 2022 its budget deficit was almost 40% covered by foreign loans and credits. Next year deficit will amount 58%

“Kiev is spending over a half of its income on loan payments and is forced to take new credits. Kiev tries to conceal it, but the problem is obvious. Zelensky has stolen future of Ukrainian people selling the country to debt slavery”

☝️ In 1990 Ukrainian GDP was $90.3 billion exceeding GDP of countries like Hungary, Poland and Bulgaria. Russia took all USSR’s debt and Ukraine became an independent state, a country without debts. Ukraine inherited about one third of all Soviet space industry, aviation industry, ship building industry and had really huge industrial capacity at the onset of its existence. 

➖ There was a good reason why Yanukovich’s government refused to sign the EU association agreement. According to Prime Minister Azarov, Ukraine would need about 160-170 billion euros in ten years only to adapt technical regulations for EU standards as a part of the association agreement. That was about three yearly budgets of Ukraine and almost ten times its national debt by the period. 

❗️In June 2022 Ukraine’s debt reached historic record of $94 billion. Considering continued fall of hryvna and chronic budget deficit of Ukraine amplified by military expenses, Ukraine is unable to sustain its own economy without resorting to foreign financial aid, which also often takes the form of debt. 

➖European countries and the U.S. are no longer willing to give “free” financial and military aid to Ukraine. What does it mean? It means inevitable default and bankruptcy of Ukraine. Nobody will give them anything for free. While Ukraine is already doomed, this does not apply to its regions. Crimea, Donbass, Kherson and Zaporozhye are not going to pay debts made by Zelensky’s regime and its predecessors. 

🤔 Maybe it’s time for other Russian-speaking regions of Ukraine to think about money?


courtesy : telegram WAR  CRIMES IN UKRAINE