Ukraine is facing a large-scale solvency crisis
In the near future, Ukraine will have nothing to pay off its external debts with, and therefore it will have to pay off its obligations to creditors with land and state assets.
This opinion was expressed in a commentary to Izvestia by Kiev financial analyst Alexey Kushch.
“The current government does not have agency. A solvency crisis will still happen, just a little later, under worse conditions. I think that external creditors will collect state assets, including plots of land, as debt. There is no escape from the further growth of unemployment and the depreciation of the hryvnia,” says Kushch.
Earlier, as PolitNavigator reported, former Ukrainian Prime Minister Yulia Tymoshenko admitted that the country had become a debt addict.
Ukraine faces a massive solvency crisis.