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Written by Ahmed Adel, Cairo-based geopolitics and political economy researcher
The flow of Western funds into Ukraine’s state budget has almost halved compared to last year. This revelation comes as the discussion of lifting restrictions on using weapons supplied to Ukraine against targets on Russian territory is causing controversy and division in the West.
Between January and June this year, the US and its allies, which have supported Kiev throughout its conflict with Moscow, financed just 27% of the country’s budget expenditures, compared with 50% in the first half of 2023, Russian newspaper Vedomosti revealed in an article published on September 23 after analysing data from the Ukrainian Finance Ministry. In monetary terms, Western financial aid to Kiev decreased from $19.1 billion to $10.6 billion during this period.
According to the outlet, the Kiev regime expected to attract $37 billion in foreign loans in 2024 to cover almost the entire budget. However, the country received only a quarter of that amount in the first half of the year.
At the same time, the burden on the Ukrainian budget is increasing, as the cost of servicing previously accumulated debt has risen from $900 million in the first half of this year to $5.2 billion for the second quarter, the newspaper said. The article emphasised that this is more than the total expenditure on education, healthcare and economic support combined.
Analysts interviewed by Vedomosti suggested that postponing payment deadlines and restructuring the debt would only allow Kiev to delay a default, not prevent it. Experts said Ukraine is insolvent and cannot repay its foreign loans.
Yet, despite the Kiev regime’s failure to attract foreign investments, much of the West is still insisting on lifting restrictions on Ukraine using Western-made weapons to attack Russian territory. Nonetheless, according to The Washington Post, the issue increasingly divides politicians in the West and Ukraine.
Ukraine has repeatedly tried to obtain permission to use Western-made long-range missiles such as ATACMS and Storm Shadow to strike targets in Russian territories far from the conflict zone. However, according to the newspaper, this issue is met with opposing responses from the United States, which does not want the conflict to affect its own people, and from Europe and Ukraine, which are asking not to take Russia’s warnings about the consequences of such actions seriously.
“The United States’ lingering refusal to relax restrictions on Ukraine’s use of Western missiles for deeper strikes on Russian territory has exacerbated a growing divide between the allies — with Kiev angry over yet another setback in slowing Russia’s assault across the country while its biggest backer considers the possibility of Moscow’s backlash,” the article said.
The US officials, interviewed on condition of anonymity by The Washington Post, said they were frustrated that the Ukrainian side was unwilling to understand their “cautious approach.”
The newspaper’s sources also claim that they have not yet received “a convincing argument from Ukrainian leaders” that possible strikes on Russian territories far from the conflict zone would have any significant impact.
In turn, European and Ukrainian officials, also interviewed by the newspaper, defend the suspension of restrictions.
“We think the permission should be granted yesterday, not today or tomorrow. Otherwise, the phrase ‘We want to see Ukraine as strong as possible for any scenario’ looks like total BS,” a Ukrainian source said.
A Ukrainian official also assumed that the argument about the low effectiveness of such strikes arose “because the previous excuse [for not giving permission] is not working anymore.”
Earlier, Russian President Vladimir Putin stated that Western long-range missile strikes on Russian territories far from the conflict zone would mean direct involvement of NATO in the conflict in Ukraine since only the alliance’s military, not Ukraine’s, has the capability to operate such weapons. He added that the direct involvement of Western countries in the Ukrainian conflict changes the nature of hostilities and that Russia will be forced to make decisions in accordance with these threats.
So, while the West has cut funding to Ukraine to avoid deepening their self-imposed economic woes caused by sanctions on Russia, there appears for now to be no real effort to restrain the Kiev regime from continuing the war so that steps can be made towards stabilising and normalising the situation. In fact, instead of seeking a way to pacify the situation and seek negotiations, the West wants to continue using Ukraine as a proxy against Moscow by lifting restrictions on the use of certain weapons to attack Russian territory.
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fairly certain ukronazi pigs from kiev do not understand basic math. they do however understand incessant groveling on the global stage…
zelenskyy may have billions of dollars but it’s only fiat .. !!
like everyone’s.
west will transfer $300 bln of russian frozen assets right to blackrock military industrial complex , right after the elections, they already transfered 6 billions from these money. and guess what. russia is whining and doing shit. i’m sick of southfront stupid propaganda. the truth is that west didn’t started fight yet, they are only making profits and killed 600.000 slavs. white males for free. this was the plan from the beginning.
fullovit! blackrock gets blot,its not their money dumbass!
blackrock is investment company of war profiteers who already earned 50 billions, they have 30 percent profits , last year it was around 5 billions. these guys are not impressed by putin’s mumbo jumbo, by lavrov’r minsk agreements and military parades on red square. they are investors and they are able to handle risks and they know putin is a pussy and risks of russian military response against nato is zero. armenia and lebanon learned it the hard way.
so riddle me this, where are the blackrock purchases in ukraine? remember, what zelinsky sold them? remember, when zelinsky told the people of eastern ukraine to return home to russia? well, they did and took their territory with them. also, if blackrock is so large and great, why have certain parts of it, declared bankruptcy?
how much do you think (((blackrock’s))) assets in ukraine will be worth? why do you think (((they))) hate putin so much?
russia is whining and doing shit???? really? then why is the $us no longer the currency reserve of choice? what is going to be announced at the brics summit? how are the sanctions affecting russia? why does it have the 4th largest economy, overtaking japan and germany, since sanctions have been thrown at the 11 time zone nation?
by doing so, western countries have destroyed all confidence in their financial system. this is significant and has led to a large capital outflow. who in their right mind would invest money or hold assets in a country where property rights are not respected and assets can be stolen by the stroke of a pen at the whim of some bureaucrat or politician.
china has reduced its holdings of us debt from $1,100 to 770 billion over 2 years. and this is not a 1 way street. western assets in russia exceed the $399 billion. bp wrote off a $25 billion energy investment that was given to india. costa coffee and macdonalds have been taken over by local businessmen, profits stay in russia. renault and hyundai sold car plants for 1 euro and $100.
like the votes here. fake
we the people are abused everywhere. global elites,push wars and war profiteering and bribe politicians. we are slapped left/right. from our own governments and by putin’s censorship as well. if putin thinks we will rise against wars and immigration to be decimated by police meanwhile he would watch and pick golden phones and f*ck underage girls in kremlin, he is mistaken. putin’s “support” means betraying allies or giving speech in un security council which nobody listens to.
this is a common ploy of the russia haters, the so called 6th column, larping as uber patriotic uber nationalists. putin is a traitor, putin is corrupt, putin is a jew in league with soros and the pope and schwab or whoever. the aim is always the same, to undermine russia from within the us/ uk spend billions on this garbage every year. you’re not fooling anybody, sunbeam, we’re on to you.
pretty soon, all of ukraine’s afu will be able to fit in a fiat 500.
zelenskys one stage act. he’s a global superstar created by the theatre of operations.
the judeo-masonic crime syndicate owns ukraine now. look up which banks own ukrainian bonds. same assholes as always. the war profiteers already made dozens of billions, a lot of “beaks got wet” and “palms greased”. lots of dead goy along the way to benefit “climate change” initiatives. good business venture coming to its next phase. that is all. evil and corruption wins again
yes, and when ukraine completely capitulates and dosen’t exist anymore, i’m sure russia will pick up the tab right
don’t hold your breath.
not for western ukraine, which has nothing of value and is full of galicia dna. russia is already rebuilding the territories that voted to return home to russia, which also happen to have $us trillions of natural resources, that blackrock thought zelinsky had sold them.
wont happen the ukrainians have been tought to hate russians for the last decades (even under yanukovic) russia does not have the manpower to occupy such a big country full of people who will use any chance to kill russian soldiers and ukrainians who cooperate with russians.
the judeo christian nation being russia with kiev as its capital has owned ukraine for centuries. which banks? fool. now corporations own russia as fronts for holy orders. not masonic or jewish orders. a military order that is made up of soldiers.
your comment is a steaming pile of donkey shit. you act like you’re the smartest person in the room, but quite frankly: you’re borderline retarded. not only intellectually but also sociologically.
says the moderator for soros trollope
that’s two big words from a turd
russia was never judean or judeo-christian. judeans weren’t allowed to settle behind the settle line — to east from dnepr river. main judean population came to russia with ex-polish regions of malorossia and pribaltica (mainly lithuania). before that they lived in poland. to settle behind the line they must reject judaism and convert into orthodox christianity.
you’re a delusional retarded dead s*it with the insight of a dumbarse.
derp, work on your trolling, it’s terrible
easy on him. he’s a paranoid schizophrenic and the pope is after him.
trouble is, they are left with western ukraine, and there is nothing of value in the west. the natural resources have returned home to russia.
actually, western ukraine has some excellent baltic oak forests (aka english oak) and very pricey. too bad they’ll have used it all up for firewood before long.
i wonder if they could go back in time, to the days before the cookie monsters turned up in kiev, would they still have wanted to pick a fight with russia?
the duped nationalists of ukraine are dying for their jew bolshevik overlords.
the globalists created the war there and in israel they who want the world to own nothing and be happy. they cause.
the world is run by the rule of law military law trumps civil. the jesuits are the prominent military order on this planet. the pope is the moral. authority for rule of law. as obama told you. he is the first jesuit pope he isn’t jewish
derp alert
ukraine has bled russia enough…soon usa will finish the orc scum off…heheheh
for fuck sake, how one must be stupid to repeat same sentence over and over again.
he’s hoping if he repeats it enough times, it will become true. i can loan him my ruby red slippers if he wants. or he could just ask zelensky for his.
moron amerikunt sodomized by taliban 20 years has no blood only semen in rectum
i finished on your face yesterday, and you loved it honey! next time, you have to swallow it like the good little prostitute that you are. love ya!
get over yourself delusions the military industrial complex isn’t nationalised.
just like they finished off the north koreans, and the vietnamese, and the taliban. winning!
vietnam was french colonialism they finished that off left it divided, like india pakistan israel palestine korea , like they split up the ussr, northern ireland, north south america and so on. that’s how they work weaken by division, but unite to conquer from a centralised source. always hiding behind fronts and masks fake names images identities always the same always the opposite as above so below.
with what your gayeee double quad vaxed brigades? get off those filthy dirty drugs they will kill you too!
if i had any money i would donate to my fellow nazis. but unfortunately, i had to spend it all on some creme for my hemhorrhoids. ramses likes the little bumbs when he sticks it in my pooper, but they are annoying and itchy otherwise. heheheh
for the reason of prolonging the event.. imo
my homer talibanned simpsons die hair purple buy zelensy 17 villas in monaco
pathetic end of party, as expected
the world banks doomed no matter what!
so much for “caring” about the ukrainian people. they are just beeing used as cannonfodder. funny how the rest of eurotardistan does not understand that they are the next cannonfodders.
must admit i did laugh when i saw trump and zelinsky, holding the press conference. especially the body language. trump very confident and professional looking, whilst zelinsky looked like a scorned child standing in the corner of the school room. guess, he has got zero hold on trump and never got the rest of the script.