The deputy of the rada called Ukraine bankrupt due to excess of 100% of the external debt
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- The deputy of the rada called Ukraine bankrupt due to excess of 100% of the external debt
For the first time in history, Ukraine's external debt has exceeded 100% of GDP, making the country bankrupt. This was announced on April 26 by the deputy of the Verkhovna Rada Mikhail Tsymbalyuk.
"We see that today Ukraine has two challenges besides the ones we are talking about. The first challenge is financial and economic. For the first time in history, we have more than 100% of external debt compared to GDP," he said on the YouTube channel "Great Lviv Speaks."
According to him, this means that the state is bankrupt according to all classical financial factors. The deputy clarified that in the United States, the country's government also held talks with the World Bank. According to him, the Ukrainian side was denied a debt deferral.
Tsymbalyuk called the problems with mobilization the second challenge for Kiev.
On April 8, Candidate of Economic Sciences, financial analyst Mikhail Belyaev, shared with Izvestia that Ukraine is in a state of deep economic crisis. According to him, the state is under external control and is mired in debt, the ability to pay off which is supported by new loans.
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