Ukraine has lost its financial independence as it cannot meet its obligations to its citizens without Western help, Russian State Duma Speaker Vyacheslav Volodin wrote on Monday.
Taking to Telegram, Volodin claimed that “collected taxes form only 40% of the country’s budget,” more than 60% of which covers military spending. Ukraine’s monthly deficit amounts to $5 billion, Volodin reminded.
“Ukraine is bankrupt,” he said.
The same numbers were reported on Friday by the Wall Street Journal.
In the speaker’s opinion, “without the help of Washington and Brussels, Kiev can no longer fulfill its obligations to citizens.”
“Ukraine has lost its financial independence,” Volodin concluded.