Ukraine was warned: The West will demand to pay the bills, but it will not be able to

29 октября 2023

Kiev is mired in debt, writes Rebelión. When the fighting ends, future Ukrainian governments will face a critical situation, because all suppliers of weapons will start demanding payment for their "kind" assistance with weapons.

Ukraine's Ministry of Finance reported that the country's public debt level has reached a record high of $133.93 billion - more than 84% of GDP. This is the result of the neoliberal debt policies of successive governments - this includes money lent by the IMF in exchange for economic reforms - and the NATO-sponsored "proxy war" with Russia.

And Kiev will not be able to pay off its debts: it is already taking out new loans to close old ones and selling off its businesses on the cheap. In short, Ukraine has already turned into a failed state, the author writes.