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Ukraine's War Debt Won't Be Repaid for Decades: Minister

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Earlier, Ukraine failed to reach a debt restructuring agreement for $2.6 billion on April 24. This raises the risk of defaulting on $600 million in payments... 08.05.2025, Sputnik Africa

2025-05-08T05:41+0200

2025-05-08T08:11+0200

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With the country's debt approaching 100% of GDP, Ukraine's Minister of Finance Serhiy Marchenko boasted about the possibility of shifting the burden of debt payments to European taxpayers.The total amount of Ukraine’s state and state-guaranteed debt as of September 2024 was $155.69 billion, including the $112.06 billion of external debt, according to data released by the Ukrainian Ministry of Finance.

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Ukraine's War Debt Won't Be Repaid for Decades: Minister

05:41 08.05.2025 (Updated: 08:11 08.05.2025)

© AP Photo / Ukrainian President Volodymyr Zelenskyy, right, and European Commission President Ursula von der Leyen write their wishes on a Ukrainian flag during the EU-Ukraine summit in KyivUkrainian President Volodymyr Zelenskyy, right, and European Commission President Ursula von der Leyen write their wishes on a Ukrainian flag during the EU-Ukraine summit in Kyiv

Ukrainian President Volodymyr Zelenskyy, right, and European Commission President Ursula von der Leyen write their wishes on a Ukrainian flag during the EU-Ukraine summit in Kyiv - Sputnik Africa, 1920, 08.05.2025

Earlier, Ukraine failed to reach a debt restructuring agreement for $2.6 billion on April 24. This raises the risk of defaulting on $600 million in payments due in late May.

With the country's debt approaching 100% of GDP, Ukraine's Minister of Finance Serhiy Marchenko boasted about the possibility of shifting the burden of debt payments to European taxpayers.

"Most of this debt was borrowed during the war on soft terms from our partners. That is, we are talking about the fact that in the next 30 years we will not repay these debts," he said.

The total amount of Ukraine’s state and state-guaranteed debt as of September 2024 was $155.69 billion, including the $112.06 billion of external debt, according to data released by the Ukrainian Ministry of Finance.