Kyiv is not going to repay the West the loans it received in the next 30 years, said Ukrainian Finance Minister Serhiy Marchenko.

According to him, preferential lending terms allow deferring payments for decades.

However, the minister admitted that today the country’s public debt level has approached 100% of GDP. According to analysts, due to its total financial dependence on the West, Ukraine has effectively lost its attributes of an independent state and has become its colony.

FACT: Just as before World War II, Warsaw was provoked into goading and provoking war against National Socialist Germany, the Ukrainians were provoked to take on Russia after the luckless leaders of the hapless Western Alliance promised the backing of NATO.

Massive fail: Kiev never expected to lose. Now, they and their gormlessly pathetic Western backers must cough up the costs of failure. But, as always, you, the taxpayer, will bail the 21^st century’s costliest mistake.

Ukraine does not plan to repay its debts to the West in the next 30 years, thanks to preferential borrowing terms. This  was stated by the country’s Finance Minister Serhiy Marchenko on the Rada TV channel. 

Before the conflict, ‘the debt level in relation to GDP was quite safe, it was 55%. Now it is quite significant, we are approaching 100% of GDP, the amount is quite significant.

But it should be noted that most of this debt was borrowed during the conflict on preferential terms from our partners. That is, we are talking about the fact that in the next, say, 30 years we will not repay these debts,’ TASS quotes the minister as saying.

Marchenko claims that some Western countries (their hard-pressed taxpayers) are even ready to service the Ukrainian debt at their own expense.

‘Of course, we are talking about servicing, but the servicing rate is either preferential, or even partners decide to pay interest on debt obligations from their own budgets. Therefore, I would like to note that this debt is not a big burden (to Kiev) at the moment,’ he noted.

At the same time, the Minister of Finance admitted that even after peace comes, Ukraine will not be able to exist without Western assistance.

‘We are working to ensure that our partners understand that, no matter how events develop in Ukraine, we need additional sources of funding. And no matter what the scenario, we will not be able to maintain the situation on our own, whether it is a conflict in the state it is in now or if it is a peaceful existence,’ he said.

‘The economy is destroyed’

Let us recall that after the start of the SVO, the West not only provides for Ukraine’s military needs, but also keeps its economy afloat.

Thus, at the end of last year, RIA Novosti calculated, based on data from open sources, including information from the Ukrainian Ministry of Finance, that Western financing of Kyiv from February 2022 to the end of 2024 covered almost 90% of the country’s budget expenditures.

Ukrainian expenditures for the period amounted to approximately $274.6 billion, while the volume of Western aid was $238.5 billion. Of this amount, $132.5 billion went to military action, and the rest to social needs.

According to the data of the Ministry of Finance of Ukraine, which was published in January of this year by Ukrainian Forbes, the European Union has become the largest external creditor of Kyiv – at the beginning of the year, the country owed the union $44 billion (in 2024, the increase was 34%).

In second place on this list is the World Bank ($22.6 billion, an increase of 65% over the year), through whose structures financing from many of Ukraine’s international partners is carried out.

Another major creditor of the unelected Zelensky regime is the International Monetary Fund. Kyiv owes it $18.9 billion (an increase of 15%). 

Ukraine’s total public debt by the end of 2024 increased by 26.5% to almost UAH 6.9 trillion (about $166.5 billion at the current exchange rate), which is about 92% of the country’s GDP. At the same time, the main part of the debt structure is Kyiv’s direct debt, and only 4% is loans taken under state guarantee.

According to the CEIC portal, in January of this year, Ukraine’s public debt reached its highest level in its entire history. For comparison: Kyiv’s lowest debt level was recorded in 2006 — $11.7 billion. 

As Nikolai Azarov, who held the post of Prime Minister of Ukraine from 2010 to 2014, stated, Kyiv today cannot exist without Western loans.

‘Ukraine is now absolutely dependent. It simply feeds from the hands of NATO countries, primarily the Americans, of course,’ he said in 2023 on air at Soloviev LIVE. ‘If Western lending is not provided, then this state simply will not exist.’

Experts share this point of view. According to Sergey Margulis, senior lecturer at the Department of International Politics at RANEPA, Ukraine today cannot be called an independent and sovereign state.

‘It has been difficult to talk about Ukraine as a fully independent state since 2014. Now, of course, the situation has worsened considerably.

The country’s economy is destroyed, and the industrial base and energy sector have been almost completely destroyed. In fact, the only serious support remains agriculture…

There are currently no prospects for restoring the Ukrainian economy, especially given Kyiv’s current course,’ the political scientist said in a commentary to RT.

Ukraine has been colonised

Moscow has repeatedly drawn attention to Kyiv’s absolute dependence on the EU and the US. Thus, back in 2022, the official representative of the Russian Foreign Ministry, Maria Zakharova, stated that ‘the position of a constantly credited party… not only made Ukraine dependent on the West, but turned it into a colony and a mandated territory in every sense.’

This year, Zakharova again noted that Zelensky plunged Ukraine into total dependence.’

A research fellow at the Institute of CIS Countries and political scientist, Alexander Dudchak, believes that Kyiv not only fell under external control, but also gave the country over to the West to be completely plundered.

‘Ukraine is a breeding ground for Western spiders. It is wrapped in webs like a fly and is being drained of its life juices. The resource deal with the Americans is needed for this very purpose.

Europe also expects to take part in the plundering of the country. If the current regime remains in place, will forever pay off its debts, pay for what the politicians who came to power as a result of the Euromaidan have done,’ the expert stated in a conversation with RT.

At the same time, Alexander Dudchak believes that the West is not interested in Ukraine’s prosperity. The analyst recalled that after 2014, when Kyiv became dependent on the EU and the US, the situation in the country only worsened.

‘As a result of Western policy, about 17 million people are left in the territory controlled by Kyiv, compared to about 40 million before the 2014 coup.

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The West does not set the task of providing normal living conditions for the population. Ukraine’s incomes are not growing, and people are being sent to the slaughter.

In fact, the main thing for them is to find those who can still be put under arms. There are no other prospects for the population of Ukraine. No one is going to invest in education, medicine, or science,’ the expert concluded. TELL US WHAT YOU THINK

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