RT.com
18 Sep 2023, 19:44 GMT+10
Kiev lacks funds to pay its military due to the ?catastrophic? state of its finances, Nikolay Azarov has claimed
The Ukrainian economy has turned into a "zombie" that only shows signs of life with Western financing, former Prime Minister Nikolay Azarov claimed on Monday.
Writing on Telegram, the former politician argued that the national economy is "falling apart," and that Ukraine is faced with minimal GDP growth and a looming devaluation of the hryvna "under pressure from the International Monetary Fund."
Meanwhile, public debt is surging and the budget deficit is widening despite Western aid, according to Azarov.
"The best illustration of the catastrophic state of affairs is that the budget of the country at war lacks more than $6 billion to pay the Ukrainian military alone," he said.
Azarov claimed that the families of Polish mercenaries killed during the conflict had not received any compensation despite promises from Kiev.
"As a result, the Ukrainian economy increasingly resembles a 'zombie' - it shows signs of life only with foreign financial assistance, which it requires more and more," the former prime minister argued.
According to Azarov, Ukraine's "closest analogues" in terms of economic woes are Afghanistan and Haiti, which are faced with similar problems. He added that the "most daring" forecasts show that Ukraine will need more than 30 years to catch up with the current economic level of Romania or Poland.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationPARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
VILNIUS, Lithuania – A growing body of research suggests that selectively restricting a single nutrient in our diet could have profound...
Tel Aviv [Israel], July 6 (ANI/TPS): The IDF (Israel Defense Forces) said it will begin sending draft summonses this week to complete...
Udhampur (Jammu and Kashmir)[India], July 6(ANI): More than 300 cadets of the newly established 6th Jammu and Kashmir National Cadet...
Monte Carlo [Monaco], July 6 (ANI): Team Sea Sakthi from Kumaraguru College of Technology in India has been awarded the Communication...
New Delhi [India], July 6 (ANI): Amid the ongoing language row, Union Minister Ramdas Athawale on Sunday criticised Maharashtra Navnirman...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...