'Fighting on credit': expert sounds alarm on Ukraine’s wartime economy
global.espreso.tv
Mon, 01 Dec 2025 10:56:00 +0200

Oleh Pendzin, a member of the Economic Discussion Club, stated this on Espreso TV."We are fighting on credit. The war is extremely difficult for the economy of Ukraine. We currently have no investments because no investor will come to a country at war. We are very heavily dependent on our partners, and the only thing that encourages us in this situation is that the partners' fear is greater than their feelings of greed towards Ukraine. These are the specifics of a country's existence in the conditions of war," the economist noted.According to him, if you look at the state budget of Ukraine for 2025, or the next year, 40% of the budget is made up of borrowings. In Ukraine, all social expenditures are covered by these borrowings."Therefore, when we talk about the stability of the Ukrainian economy, it must be understood that it directly depends on how timely our partners give us money. Thank God, we have so far preserved all the tools of a stable economy: the banking system is working, the situation with critical infrastructure is more or less clear, despite the fact that things are constantly flying at our heads. And that is not insignificant," Pendzin summarized.European governments are intensifying pressure on Belgian Prime Minister Bart De Wever over concerns that Brussels is not being transparent about tax income generated from €140 billion in frozen Russian reserves, as tensions mount ahead of a crucial summit on sending the funds to Ukraine.








