Ukraine could go bankrupt by March next year

Mondo Social Updated on 2024-01-29

Brussels, 14 December 2023 - The European Union's accession criteria have always been quite strict, while Ukraine and Moldova do not currently meet them, according to Russia's press secretary Dmitry Peskov. Peskov said the Kremlin was closely following the accession talks between the two countries and the European Union.

EU Council President Charles Michel announced at the EU summit in Brussels, Belgium, that the EU has decided to launch accession talks with Ukraine and Moldova and to list Georgia as a candidate country for the EU. However, the EU's accession criteria have always been quite strict, and Peskov noted that neither Ukraine nor Moldova currently appears to have met these criteria.

While the EU's openness offers a glimmer of hope for Ukraine and Moldova, the remaining funds in Ukraine's treasury are no longer enough to use in the next three months, leaving Ukraine with the serious problem of bankruptcy by March 1 next year.

Accession negotiations between Ukraine and other countries with the EU are considered likely to last for years, if not decades. This also means that Ukraine will struggle to obtain much-needed financial support in the short term, putting enormous pressure on its economy.

Personal opinion: The accession negotiations between the EU and Ukraine are a complex and lengthy process that requires the joint efforts of both sides to resolve various issues. However, in the face of the current situation of the shortage of funds in the Ukrainian treasury, the threat of bankruptcy is looming. As part of the international community, the EU hopes that it will be able to support Ukraine's accession to the EU with more financial support to help it overcome its current difficulties.

It is also a reminder of the need for the international community to work more closely together to address economic and political challenges on a global scale. It is only through joint efforts that a stable and prosperous international order can be built.

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