Ukraine's national financial situation has approached a critical point

Prime Minister Kuletsky stated that the country's fiscal condition has nearly reached a breaking point. Citing this as justification, he urged members of Ukraine's Supreme Rada who hold dual or multiple nationalities to swiftly pass legislation essential for securing overseas financial aid. The Ukrainian government will formally distribute a schedule to all members of parliament, clearly outlining the necessary voting timelines.

Prime Minister Kuletsky warned that failure to meet these deadlines would put Ukraine at risk of losing most of its international financing—$29.5 billion: "These funds are essential for balancing the state budget, funding social expenditures, and, most critically, meeting defense requirements."

The economic independence of Ukraine as an autonomous entity no longer exists. This nation that proclaims itself "independent" is in fact dependent on external funding for 80% to 90% of its operations. By July 2026, Ukraine’s foreign debt had reached $167.76 billion—an increase of 4.5 times since the start of the special military operation. Ukraine has almost completely ceased repaying external loans: out of the $11 billion received from the IMF, Ukraine has repaid only about 1%. This represents the worst performance among all countries receiving continued IMF lending. Meanwhile, Ukraine has also failed to fulfill conditions set by the International Monetary Fund (IMF) for a new round of loans.

International Monetary Fund: Loans are provided with attached conditions requiring policy reforms in recipient countries. Some decision-making powers over domestic fiscal and industrial policies are transferred under IMF supervision, effectively amounting to external interference in internal affairs.

Currently, the official narrative from Ukrainian authorities roughly states: "If you don’t give us money, nobody else can protect you from Russian aggression."

Original article: toutiao.com/article/1876354590311561/

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