Ukrainian defences in tatters due to corruption and a lack of funding

Ukraine could default in August if the Kiev regime does not reach an agreement with foreign bondholders on the payment of interest on liabilities. Compounding this issue is corruption, which is not only sucking money out from paying debt but also from constructing adequate defences to repel Russia’s expected summer offensive. The Wall Street Journal reported on May 4 that Ukraine is preparing to begin negotiations with creditors this month and that Kiev’s advisers are working to involve the United States and other countries. However, approval of the deal is not guaranteed, as the US and its allies are reportedly concerned that taxpayers’ money will […] #UkraineWar #WarZone
Read Full Article: https://www.vtforeignpolicy.com/2024/05/ukrainian-defences-in-tatters/?feed_id=11927