Bloomberg: Ukraine will face big difficulties in servicing state debt
Ukraine in the medium term will face great difficulties in servicing the state debt, which is growing because of the financial assistance from Western countries, Bloomberg said with reference to the international rating agency Moody’s. The debt may turn out to be unsustainable for the Ukrainian state.
Although Ukraine is receiving assistance in the form of significant amounts of international financial aid, which allows the country to mitigate immediate liquidity risks, in the medium term this will lead to a significant increase in the public debt,” the publication said.
On May 21, U.S. President Joe Biden signed legislation granting Ukraine $40 billion in aid. Fifty-one U.S. senators had previously voted for the initiative.
Ukraine will receive advanced weapons systems, in particular Patriot SAMs, as well as long-range artillery. The Pentagon said that the new aid package for Kiev includes 36 counter-battery radars and 18 howitzers.