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Ukrainian Finance Minister's Plan to Solve Ukraine's Debt — Just Don't Pay It

© AP Photo / Ukrainian President Volodymyr Zelenskyy, right, and European Commission President Ursula von der Leyen write their wishes on a Ukrainian flag during the EU-Ukraine summit in KyivUkrainian President Volodymyr Zelenskyy, right, and European Commission President Ursula von der Leyen write their wishes on a Ukrainian flag during the EU-Ukraine summit in Kyiv
Ukrainian President Volodymyr Zelenskyy, right, and European Commission President Ursula von der Leyen write their wishes on a Ukrainian flag during the EU-Ukraine summit in Kyiv - Sputnik International, 1920, 08.05.2025
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With the country's debt approaching 100% of GDP, Ukraine's Minister of Finance Serhiy Marchenko boasted about the possibility of shifting the burden of debt payments to European taxpayers.
"Most of this debt was borrowed during the war on soft terms from our partners. That is, we are talking about the fact that in the NEXT 30 YEARS we will not repay these debts," he said.
Lach Gates on Independence Square in Kiev. - Sputnik International, 1920, 22.12.2024
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Western Aid Covers Nearly 90% of Ukraine's Spending in 2022-2024 – Analysis
The total amount of Ukraine’s state and state-guaranteed debt as of September 2024 was $155.69 billion, including the $112.06 billion of external debt, according to data released by the Ukrainian Ministry of Finance.
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