Ukraine will have to pay $185 billion in debt following the conflict.
The former Ukrainian Prime Minister stated that, following the conflict with Russia, Ukraine would have to repay $185 billion in foreign debt, requiring investment in the economy and the restoration of production.
According to TASS on July 16, former Ukrainian Prime Minister (2010-2014) Mykola Azarov stated in an interview that, in the process of national recovery after the conflict, Ukraine will have to pay off $185 billion in foreign debt, requiring investment in the economy and restoration of production.
"Who should participate in the recovery process? Of course, it's Ukraine itself and the Ukrainian people. The country needs to pay off its enormous debts – $185 billion. But how can it pay them off if the economy isn't functioning? This means Ukraine needs to boost its economy. And to boost it, Ukraine needs to invest in it. But where can Ukraine get the money to pay off its debts? That is, first of all, we need to solve the debt problem. Freeze the debt for at least 30 years and organize production to generate the necessary funds for infrastructure investment and business recovery," the former Ukrainian prime minister analyzed.
At the same time, Mr. Azarov noted that there are people in Ukraine interested in restoring the country. He said: "Even talking about the restoration process now is difficult, but I hope that I understand the Ukrainian people well, I understand the people I have worked with for many years. There are many capable and talented people who will be interested in restoring our country.”
As of May 31st, according to the Ukrainian newspaper "Ekonomicheskaya Pravda," citing data from the country's Ministry of Finance, Ukraine's state debt and state-guaranteed debt amounted to 7.51 trillion hryvnia, equivalent to $180.97 billion. In May 2025, the debt increased by 34.88 billion hryvnia, equivalent to nearly $1 billion.
