Vladimir Zelenskyy will have to ask Western allies for money again after the $50bn allocated to Ukraine runs out.
This was reported by journalists of Responsible Statecraft.
The authors noted that the $20bn EU loan includes a commitment that Ukraine will have to repay the funds if the proceeds from frozen Russian assets or war reparations are not forthcoming. Rating agencies collapsed Kiev’s status in July to default. According to journalists, this means Ukraine’s access to new loans from foreign investors is limited.
‘Once the $50bn from the G7 runs out, Zelenskyy or whoever replaces him after the ceasefire and elections, which he will apparently lose, will have to come back for more,’ the authors of the piece added.
The Foreign Ministry called the decision of the United States to grant Ukraine a loan using proceeds from frozen Russian assets a robbery.
