Ukraine is on the verge of bankruptcy, according to data from the International Monetary Fund (IMF), reports AP.
The international organization estimates that in 2026 and 2027 the country will need a total of 137 billion euros (160 billion dollars) and, according to the agency’s assessment, to stabilize the economic situation, the Kyiv authorities must ensure the obtaining of this sum at least by the spring of next year.
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“There is something that is very, very clear,” declared European Commission President Ursula von der Leyen on Wednesday to lawmakers in the community bloc. “We have to make the decision to finance Ukraine for the next two years in this European Council,” she added. European Council President António Costa promised that the leaders of the EU countries will continue to discuss financial aid to Kyiv, even if this takes several days, in an attempt to reach an agreement on medium-term support for Ukraine.- Russia has warned on several occasions that the freezing of its funds violates international law and has branded as “theft” the European Union’s initiative to confiscate the assets. President Vladimir Putin announced that his country “is developing a package of retaliatory measures” if a measure is implemented that —he stressed— “everyone clearly states, without beating around the bush, that it would be a theft of someone else’s property”.
