Can Ukraine rely on its lenders for long-term defense? | DW News

Ukraine has less than four weeks to negotiate a new deal with its private creditors or risk a default that could affect its ability to fund its economic recovery. The country has a complicated structure of lenders, including multilateral institutions and individual countries, as well as private lenders. Much of its loans come with conditions related to implementing reforms. DW Business speaks with Tymofiy Mylovanov, president of the Kyiv School of Economics and Ukraine's former minister of Economic Development, Trade and Agriculture.
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#ukraine #credit #russia

[@michaelasamoah2390]

The sense of entitlement from these Ukrainians is amazing.complete nonsense

[@bojanradic6440]

They milkes russian money for years (91-2008)

[@IrrationalCharm]

Ok bot

[@ksrawat88]

They are like Diva, they feel superior in everything but good in nothing..

[@MarincaGheorghe]

Why should they pay and not RuSSia that got them here bot ?

[@PHlLlPPlNES]

@@IrrationalCharm ok Dog

[@acetorres8787]

You skip election and talking about democracy 😂

[@sreejithshankark2012]

If Russia conquered full Ukraine there will not be any debt 🤣

[@IrrationalCharm]

Only happen in Rusbots wet dream lmao

[@oliveryt7168]

​​​​@@IrrationalCharm if they don't you will pay for Ukraine's rebuilding.. at least for the western part that's not occupied by Russia.

[@salieubaikamara5620]

Unlike Russia, Ukraine has never defaulted😂😂😂. This guy still has the nieve to compare the economy of a dependent nation to a sovereign and strong economy like Russia?

[@denarjan]

Russia/Soviets defaulted on the WW2 aid. Rightly so. They said they had payed with their lives.

[@Zero95011]

They're obsessed with Russia they can't be critical of Ukraines impending doom without adding a lil bit of "the Russians were much worse":when it's literally not even the case. Lol

[@wolfswinkel8906]

​@@denarjan Ukraine was part of the Soviet Union, genius. 🤡

[@johnpaul252003]

@@denarjan Fiction. Dont you quote CNN to make your point!

[@trogdortpennypacker6160]

​@@denarjanSoviets stopped paying it but when the former Soviet countries agreed on Russia inheriting the assets of the Soviet Union they agreed to take the liabilities. Thus paid off these debts by 2006 by itself. Soviet Union and Russia are not the same country I would note but where he is wrong is Russia under Yeltsin defaulted in 1998 and so did Ukraine in that year. Ukraine defaulted again in 2015.

[@danilaplee]

why should we all go bankrupt because some people cannot sit and talk properly and come to an agreement?

[@nothereandthereanywhere]

Not sure how you would feel about making an agreement, if the leader is in your house and the army is in your backyard...

[@wolfswinkel8906]

​@@nothereandthereanywhere well there have been 4 agreements already, so your point is kinda moot. Minsk 1, 2, Ankara and Istanbul. Problem is Ukraine keeps breaking them after being put under pressure by the EU and US.

[@hamish1309]

Exactly.

[@oJoJo]

Exactly the whole of the EU will go broke if Eurobonds become a thing and Ukraine joins.

[@dukeluffy1549]

@@wolfswinkel8906 you left out budapest, which is the most important one and the one russia broke. for the others neither side stuck to the agreements and ceasefires broke down/were violated almost immediately. to imply that its ukraine unilaterally breaking these agreements is ignorant at best. the EU and the west doesnt force ukraine to do anything. polling and statements by ukraines leaders repeatedly show what ukrainians believe and they have their own agency.

[@stereomtl9001]

Ukraine has a "School of Economics"

[@urbansenicar81]

Can Ukraine rely on its lenders for long-term defense? No. But it can rely on long term bancruptcy.

[@samuellopesbaule5745]

😂😂😂😂😂😂😂😂😂, you said it all, kkkk

[@urbansenicar81]

It's preferable to fight a war till you run out of money than to fight a war till you run out of men.

[@petertiang71]

Running out of both.

[@roycrosby4941]

How quickly people forget. Blackrock was appointed to oversee the receivership of Ukraine.

[@PD55_]

Larry Fink, King of Ukraine.

[@denarjan]

@@PD55_ King Larry Fink David, King of Israel, USA, UK and EU. And Australia, Canada, South Korea, Japan, Philippines, must be forgetting some......

[@damianlibby522]

Zionees kings of kings in many nations

[@damianlibby522]

Money,money, money, monnnneeeyy thank you for the mines and lands of minds of money

[@Sziasztok742]

As long as there is still something to sell, ykraine will be completely divided.

[@ksrawat88]

Onlyfan subscriptions 😂

[@Sziasztok742]

@@ksrawat88 🤣🤣🤣🤣

[@oliveryt7168]

​@@ksrawat88 ironically enough you're right..

[@acetorres8787]

How about you pay your own bills

[@Yesai-cj2mt]

I wish DW read comments

[@user-zz5hi2oc3c]

What about possibility of corruption

[@avex3903]

but ukraine is winning on reddit so whats the problem 🤔

[@IrrationalCharm]

Do you like make up arguments in your and destroy them with facts and logic?

[@oliveryt7168]

​@@IrrationalCharm what?

[@sammiemakki9339]

Ukraine is already going to be paying back this debt for the next 200 years…. With Interest!

[@IrrationalCharm]

Better paying debt than being under Russia. Freedom has no price.

[@preetranjanbansal6234]

EU should also have freedom they r also slave of eu u know which country u belong ur nationality, culture or think eu as ur country, culture

[@mr.pangetako]

@@IrrationalCharmchildish comment. Please face reality, not your own fantasy.

[@diegomorata2885]

The debtor becomes slave to western companies😂​@@IrrationalCharm

[@elbibwen3019]

@@IrrationalCharm and you call that "freedom" 😵‍💫 ?

[@dufifa]

What? This guy says about countermeasure of EU and money could be confiscated, but Russia did nothing agains EU, it's war with Ukraine! Logic left the room.

[@toyotahonda2618]

Meanwhile number of millionaires in Ukraine in 2023 has increased almost 2 times, the sales of luxury cars has increased with almost 20%

[@nenadmitrovic3469]

Way more bars and restaurants in Kiev than before the war

[@chilam2512]

Either I need to toss my economic degree to the trash or this guy is living in wonder land. I don't understand any of his logic.

[@operator9858]

if you have a bank that has a dispute between two customers do you 'ever' let one have access to the others funds even if you do believe they have a strong case without legal bearing to do so? no you do not. because you have a business to run. one based entirely on trust and these 2 arent your only customers and this wont be the last dispute in history. heck even the ongoing altercation is going to end one day. think the russians will ever invest their funds back into western banking instituions again? what leverage will we have over them then? how will we even track their finances? heck any time we have disputes with ANYBODY going forward whats going to be the first thing they do? pull their money out (if they hadnt already). am i wrong?

[@jordycorvers7465]

dispute? you're not the brightest lightbulb in the ceiling are you? you mean anytime a government decides to invade a foreign country it's people should know that there is a good chance their way of life as they know it is over. as it should be,. talking about protection of economic interests is just dumb when the alternative you are referring to is somebody with a gun comes to your house and says 'It's mine now". then those soldiers will go to your mothers house, again they will say "it's mine now" your mother refuses.. she get's killed, you're father picks up a weapon... he gets killed. you're children come running down the stairs, they get taken away,.... looking at this as just an economic dispute is complete insanity! Russia's people will suffer for a very very long time because of this.

[@operator9858]

@@jordycorvers7465 oh you poor baby. just minding your own business and this all happened for no reason right? sry but this isnt my first rodeo and i know what you are. you are what you think of your enemies. worse. they dont try and pretend to be some kind of white knight saving the world.

[@operator9858]

@@jordycorvers7465 is it the russians who have to censor every other thing i say because they dont like my political opinion? no it is not. just this alone is more then enough reason to make a stand against you people. but have a nice day will ya?

[@operator9858]

@@jordycorvers7465 sry they keep censoring any of my replies. think it was due to a violation of the terms of service? i dont.

[@operator9858]

@@jordycorvers7465 you are the real e nemy. not them.

[@antons1097]

If that's Ukraine's best economist no wonder they couldn't grow their economy in the last 30 years of independence.

[@nenadmitrovic3469]

They are only ex soviet nations to never get back to level they had in soviet union

[@willeisinga2089]

Ukraine is a Show. A Comedyserie. Everyday a laugh.

[@HoboGodfrey]

Zelensky and crew can give back the money they stole.

[@palar4195]

how dare you, its private money now.

[@ronaldphoong]

​@@palar4195now everyone knows that nothing comes free and there's no such thing as allies, just self interest.

[@IrrationalCharm]

Yup. And Russia will pay for it 😂😂

[@ronaldphoong]

@@IrrationalCharmwishful .. wishful....have you heard of any country that have paid back after a war.

[@IrrationalCharm]

@@ronaldphoong Germany

[@browneyesjesus]

Who are the private lenders ?

[@denarjan]

BlackRock and JP Morgan, and likely many more.

[@heartofsteel7821]

​@@denarjanrostchilds and his prodigies and cronies.

[@chibunduandy2441]

I still maintain that not going through with the Istanbul negotiations was one of the stupidest decisions Ukraine has made in recent history.

[@bulthaosen1169]

Really? I thought defaulting on corporate loan is worse. Things like IMF and world bank can extend debr indefinitely. Not private sector.

[@sxe1nuar]

When a country 100% depends on other countries money, weapons, and food it sounds more like it's a quasi-country or just a colony Considering EU is forcing them to change constitution and laws in order to join EU it makes a lot of sense lol.

[@nothereandthereanywhere]

But receiving weapons isn't about joining EU. Those are two separate things. Ukraine wants to join. And Ukraine has asked for weapons from it's neighbours.

[@Decoy0527]

The EU accepting Ukraine into its union would be a large scale version of Cousin Eddie joining the Griswold family. Both Cousin Eddie and Ukraine have their hands out 24/7 and 365 days a year. No matter how much you give them, they are immediately back for more.

[@wolfswinkel8906]

​@@Decoy0527and that's why France and especially Germany will not allow Ukraine into the EU.

[@francotheafrican7550]

Ukraine, the largest country in Europe will bankrupt the E.U. in no time if it joins the E.U.

[@johnpaul252003]

Yukraine - we are fighting for "free europe". Me lol Yukraine - give us all your money. Me lol

[@Zockopa]

Economic recovery ? Ukrainies electric grid just gets dissected.

[@Spott715]

no corruption here

[@sajadganie2296]

The deal needs same stage.

[@samsungtap4183]

Send your money. Don't send mine.

[@Nauda999]

What is your money? I doubt there is such a thing as your money, there are a few Americans that print dollars, and I doubt you are one of them. And a few Germans that print Euros, and you are not one of them neither.

[@andre8860]

Ukraine doesn’t have difficulties Ukraine is finished

[@LavionsOregon]

Ukraine isn't your mom, stop being delusional

[@JTAntonini]

Lmao. How about we just stop giving them any money altogether? I like that option.

[@Damian.99]

We? You have no money.

[@oliveryt7168]

​@@Damian.99 and you have money? Then y o u can pay.

[@oliveryt7168]

Monsanto bosses are rubbing their hands..

[@waynegore5291]

Ukraine is very drunk right now.

[@seanlander9321]

Just do a France, and not pay.

[@JG-xi4tu]

Complex topic, thank you for the video👍 🇪🇺❤🇺🇦

[@avex3903]

[@belictacastelbarco5097]

Joe Biden said in his interview yesterday at ABC news that he put down Putin, so why people are keep talking about the war in Ukraine 😅😅😅😅

[@chesterburnett6999]

They said African countries were going to be own by Chinese in a few years ... while we all are watching ukraine being picked apart like a corpse for courting the u.s. n taking loans... the irony

[@RichardDressler]

The idea was to use the interest from Russia's seized assets. To back the issue of zero coupon bonds. With the accrued compound interest used to pay out the bond face value at maturity. With all proceeds's from the bond issue and sale being used to fund Ukraine. The bonds were supposed to be distributed in a fashion similar to the Ukraine collector stamps. But The bond issue was supposed to be undertaken by the organization in charge of the seized assets. Ukraine shouldn't be in debt at all.

[@bulthaosen1169]

That debt belongs to EU. This debt is simple corporate debt. The plan was to collect the debt from Ukraine to pay of the EU debt over long term after war ends by making russia pay for reconstruction as part of peace plan. If Ukraine defaults you can kiss that goodbye. And no. EU cannot make russia forcibly pay by using it's assets. That would be beginning of the end of monopoly of western financial system. The idea was that govt would not interfere with financial systems. They are already pushing it by freezing assets.

[@rendezyt]

A question the Ukrainian government needs to ask. Why would the EU give Russia's money to Ukraine when they can keep it themselves. The EU is not going to give $300 billion to Ukraine with no oversight and when the EU economies are struggling themselves. If anything it will just be more loans from the EU.

[@butterzz6913]

Yeah, they'll just steal it for themselves just like in the old days.

[@Isildurd]

I think the reason is different, if the money is stolen and given away, this will create a precedent of mistrust. Countries holding assets in Europe receive the message: “If we don’t like you, we’ll take it all.” And there will be less money.

[@Isildurd]

The same dollar rests on trust; it has long had no material support. Such actions to confiscate currency from those undesirable undermine trust.

[@robinstevenson6690]

This guy strikes me the wrong way. I feel like he's not telling the whole story, or that he has "skin in the game." He seems very anxious to get paid, and he's not talking about nickels or dimes but big money. I don't feel like I can trust him.

[@mourka01]

I can see why he is a former minister this guy couldn't add 2+2

[@samuellopesbaule5745]

😂😂😂😂😂😂😂😂😂

[@Alex-kg1xh]

It was the 2019 elections. People voted for comedians because they “wanted to reduce the price of utilities and stop the war” 😂

[@waeljallad671]

The Economic Times › British Airways IT failure sparks chaos at London's Heathrow Airport Jun 26, 2024 - Heathrow Airport plunged into chaos Tuesday night due to an IT allocation failure in British Airways' systems, stranding passengers on .. The Independent › London travel chaos: Central and Elizabeth line hit by severe delays ... 4 days ago - London travel chaos: Central and Elizabeth line hit by severe delays as Heathrow Express suspended The Mirror › travel Travellers caught in 'chaos' and 'crush' after Heathrow terminal is ... 2 days ago - Travellers at Heathrow Airport terminal two caused 'chaos' and a 'crush' of people, when the terminal reopened following a security threat

[@devildevil2271]

Can't believe the West is using Dept Trap 😂😂

[@archiemcberry7102]

How about a legit audit?

[@milkthecowe320]

This will make the US and others look like a ransome who will want to keep cash with anyone afterthat 😂 yeahh

[@Hope4peace1804]

This guy is delusional 😂😂😂

[@chesterburnett6999]

Dw please i am begging you. Please you know better. Do better. Thank you in advance.

[@univeropa3363]

Why should our economy go down the tubes so that America can extend its hegemony further east?

[@lessparks8553]

Nope They are screwed

[@cristinaximera9663]

Mr. Mylovanov is dreaming. Such dreams are a problem.

[@vladnickul]

defaulting on debts is the norm in ukraine as it is in russia :))

[@sharmana100]

He has no understanding of of economy

[@CAM-wk3dj]

Phhuhh…Definitely should be relying and trusting God to provide- Nobody knows what they have-from day to day these days….. And most of us don’t have anything 🤷🏻‍♀️

[@jr9240]

😂😂😂😂😂

[@Typical187-]

BEGGARS SUPPORTING BEGGARS😂👎🚽

[@user333-us4qz]

Ukriane biggest exports a Medals to support Ukriane. And a thanks letter. Ukriane a the World’s biggest beggar ! Thats a fact. ! Zelensky always demand other country’s leaders to Jump. When he Greet Them. He want to hear the coins in their Pockets. So he knows. He get everything ! 🤣

[@Alpha-qh4sb]

Thiefs

[@LailaMohamed-b8o]

Ukraine tried to steal for their tribes men aka Germans but they forgot in thid football i held the key to the win. Take that.

[@sharmana100]

Ukraine is doomed

[@botshelomoatshe3153]

Shenanigans

[@vasileioskosmidis1421]

But already they include haircuts. So they already in a sort of default.

[@williamlai29]

It is ALWAYS AMAZING to see DW inviting guess to talk BS and fantasies. When are they going to wake up and smell the flowers.

[@ardiii746]

🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦

[@solarpower3934]

الصناعات الالمانية تنحدر الى الهاوية والالمان يراقبون المشهد من بعيد - للاسف قادة ألمانيا الحاليين يفتقرون إلى شي اسمة ((الرجولة)) وهو أن لقب الرجل يا سادة لا يستحقه كل إنسان. الرجولة مسؤولية و صفة قد لا تتوفر عند كثير من الناس لأنها تتطلب صفات خاصة أهمها أن يكون الرجل متحلى بصفات الفارس، و الفروسية هنا لا تتعلق بمن يركب الخيل بل المروءة التي أقصدها هي أن يقلد صفات الفارس النبيل. رجل الفروسية والشجاعة - الرجل صاحب السيادة يتخذ قراراتة الوطنية لصالح وطنة - ويملك قرارة الوطني. وهذا مايفتقدونة حالياً الالمان

[@stereomtl9001]

😂😂😂

[@TahmKench4life]

🇺🇦🔨🇷🇺

[@IrrationalCharm]

Slava ukraini 🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦

[@4tuneJohn]

🇷🇺

[@summer031977]

I worry that Ukraine will be forced to make peace with Russia against their will. This will be tragic.

[@mr.pangetako]

Ukraine was doomed from the start. Who the heck would think Ukraine had a chance to win this war? Especially when Ukraine begs for military equipment? You cannot win war if you can’t produce your own…that’s a FACT.

[@operator9858]

if they want to keep going nobody is going to stop them. just dont do it with american money or equipment.

[@summer031977]

@@operator9858 Ukraine can't keep going without American support. Period

[@jaydeepvaze9513]

Nobody cares anymore ​@@summer031977

[@IrrationalCharm]

@@mr.pangetakoAfghanistan won, Finland won the winter war. And Poland won in 1920z

[@sydca5365]

It sounds to me Ukraine is the only loser here.

[@TahmKench4life]

🇵🇸🤜🏼🇮🇱🇺🇸🇬🇧🇯🇵🇰🇷🇮🇳🇦🇺🇵🇭🇺🇦

[@ComradeCatpurrnicus]

Slava Ukraine!

[@generalkhalid1192]

Ukraine falls, Russia triumphs

[@dax354able]

Where are those people that are saying " oOuH RuZzian BoTs are EveRywHere" ?

[@wolfswinkel8906]

The number of views per hour on Ukrainian News on DW is dropping fast 😂😂😂 Everyone is getting tired

[@loddiecamomileparrot]

🇦🇺💗🇺🇦

[@Kaoniao]

When you hear the word hedge funds, then you know that discussions about loving kindness and brotherly help are not the top priorities there.

[@user-cz2pe2mo2j]

U helped UA cos its ur fence~

[@VytautasLDK]

why? It's simple. Reparations. They are paid by side that looses. He would know this if he would know little law for being finance minister. And despite all politician talks everyone knows Russsia will win at the end and debts will be paid. That includes "Frozen" money.

[@saqlainhaiderkazmi2378]

Is Europe a self proclaimed policeman of world or something? But why this policeman pays no heed to Israel wrecking havoc in the neighbourhood?

[@dukeluffy1549]

the kremlin bot farms are out in force in this comment section jeez

[@botshelomoatshe3153]

Hello Washington bot

[@dukeluffy1549]

@@botshelomoatshe3153 privet comrade

[@fortunatowenceslao5340]

Paid up posturing as credible media only serves it’s interest for big business groups😂😂😂

[@she825]

Ukraine is screwed

[@ds2332]

what a joker

[@jamakasis18]

Wow the amount of russian bots in the comments is amazing

[@generalkhalid1192]

Welcome to the world, not everyone is a zio-ukronazi. Majority of the world (asia, africa, some europe) support russia and are anti nato

[@Decoy0527]

Not bots. Just American people who know that Zelinsky got suckered into fighting Russia because Western governments wanted to weaken Russia via a war. That's a proxy war. A proxy war needs a naive fool, and the West found Zelinsky.

[@noone6896]

I am interested how u determine who is bot and who isn't. Let me guess, those who hurts ur feelings are bots?)

[@IrrationalCharm]

@@generalkhalid1192spotted one!!

[@MaliVentures]

Why would you confiscate, and use their money, the logic is pathetic

[@IrrationalCharm]

Well I don’t know. Because they have invaded a country. Destroyed hundreds of thousands of homes. And killed up to 100k ukranians? Just a random thought

[@david-bd6td]

The consequence of prolonged proxy war ...😢

[@kongthai..]

UA debt default. $20 billion, at least 10% of the much shrunked Gdp. The USA $60 billion basically prop up the entire military and economy. EU trying to organise $40 billion, was that a GRANT or DEBT. ONLY state loans only to UA now. 😢

[@AlexdaCunha]

The Russian trolls are on fire! KZbin should do something about this...

[@user-xd3mm3vh7c]

I respect and thank Mr. Milovanov for his expertise and work in his file dog economics. Despite disagreeing with him on subjects which he discussed with a respected military journalist in Ukraine - Y. BUTUSOV. As a Ukrainian I thank Milovanov for staying in touch with economic developments in Ukraine and globally.