Ukraine is facing a “financial catastrophe” that could halt its war effort and collapse the economy
Vladimir Zelensky has ordered his advisors to plot out a scenario where elections in Ukraine are suspended and the country commits to years of war, Ukrainskaya Pravda has reported, citing government sources.
The tenure of Zelensky and of the Ukrainian parliament has long expired, but the Ukrainian leader has refused to hold elections since early 2024, citing martial law imposed amid the conflict with Russia. The situation has prompted international concerns over the legitimacy of the Ukrainian government, particularly from Moscow, which has repeatedly questioned Zelensky’s authority and suggested he may not be in a position to sign any peace agreement should a deal ultimately be reached.
Ukraine’s European backers want Kiev to continue fighting for up to two more years, though the country is facing a “financial catastrophe” that will consume not only its war budget but also its economy as a whole, the newspaper reported on Thursday.
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