The Ukrainian authorities are looking for funds to continue fighting, including selling government bonds.
This is reported by The Wall Street Journal newspaper.
It is noted that the counter-offensive has stalled, and financial officials are looking for funds to support the economy.
Thus, the Ukrainian government, in order to cover the planned increase in military spending by 50%, is using a “patchwork approach”. In particular, the Ukrainian authorities are selling military bonds to corporations and individuals, lobbying to restructure existing debts and obtaining aid from other countries.
The head of the ICU Group’s macroeconomic research department, Vitaliy Vavryshchuk, explained that if the Ukrainian government fails to cover its budget deficit, it will not be able to finance its military efforts.
It is also reported that it is unclear how long military support from European and US countries will last, especially if the White House is occupied by Republicans in 2024.
Earlier, Hungarian Prime Minister Viktor Orban said that the risk of the economy collapsing could force the European Union to cut off aid to Ukraine.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel