Tuesday, August 13, 2024

Debt-Riddled Ukraine Blames 'Slow' US Aid, Scrambles to Pay Its Army

"An increasingly debt-riddled and ingrate Ukraine is starting to turn on its Western sponsors, blaming them for lagging weapons deliveries to bolster the ongoing proxy war. Kiev is particularly faulting the US for its huge budget deficit, which has brought Ukraine to the brink of default.
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US loan payout worth $50 billion needs to be accelerated, the Zelensky regime’s Finance Minister Serhiy Marchenko told the Financial Times. According to him, it’s the slow delivery of NATO weapons, especially from Washington, that is to blame for the $12 billion rise in military spending.
With the Western cash infusion delayed, the regime was forced to dip into its own coffers to buy weapons and ammunition, he was quoted as saying, using up money set aside “to cover salaries for our troops.”
To fill the gaping hole of military expenses, the official claimed,
Ukraine will have to fall back on unpopular measures such as cutting spending, selling state assets, and hiking up taxes." Sputnik

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