MOSCOW, June 13 (ANI) — Ukraine’s public debt has risen by more than $110 billion since 2022, according to calculations by Russian state news agency TASS based on data from Ukraine’s Finance Ministry.
The report said Ukraine’s combined external and domestic liabilities have more than doubled since the beginning of 2022, increasing from $97.96 billion to $208.97 billion — a rise of $111.01 billion.
According to TASS, external debt recorded the sharpest increase, climbing from $57.2 billion to $162.73 billion, nearly triple its 2022 level.
Of that amount, Ukraine reportedly owes about $10 billion to the International Monetary Fund, while the remainder is owed to various allied countries.
The significant increase in borrowing comes despite Ukraine receiving Western assistance in the form of military aid and grants.
Citing the Institute for Demography and Social Studies, TASS reported that, based on a population of approximately 28 million, each Ukrainian effectively carries about $7,500 in public debt.
Amid growing economic pressures on Kyiv, lawmakers in the Verkhovna Rada estimated that repaying the country’s existing debt alone could take approximately 35 years.
Ukraine continues to seek financial support from its Western allies. Most recently, the European Union announced a €90 billion loan package for Ukraine that is ready to be rolled out, with the first tranche earmarked for drone-related initiatives.
The conflict in Ukraine is also expected to be a key topic at the upcoming G7 Summit in the French resort town of Evian.
The summit is expected to focus on geopolitical crises, economic cooperation, artificial intelligence, and development partnerships.
According to sources, the first day of the summit on Tuesday will include a session on Ukraine attended by Ukrainian President Volodymyr Zelenskyy, followed by discussions involving Middle Eastern countries, including Egypt, Qatar, the United Arab Emirates, and Saudi Arabia.
Sources said one of the summit’s priorities will be coordinated international action on contemporary crises, including the conflict in Ukraine and escalating tensions in West Asia involving Iran, Israel, Gaza, Lebanon, and the Strait of Hormuz.
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