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Ukraine unable to service debts generated over past three years — Prime Minister

June 25, 2015, 11:58 UTC+3
The total amount required to service the external debt, in fact, is equal to our military spending which makes up 5% of the country’s GDP," Ukrainian Prime Minister Arseniy Yatsenyuk said
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Ukrainian Prime Minister Arseniy Yatsenyuk

Ukrainian Prime Minister Arseniy Yatsenyuk

© EPA/SERGEY DOLZHENKO

KIEV, June 25. /TASS/. Ukraine cannot afford to service the external debt that has accumulated over the past three years, Ukrainian Prime Minister Arseniy Yatsenyuk said during a meeting with representatives of the US Chamber of Commerce on Thursday.

"Currently, we cannot service the debt that has accumulated, above all, over the past three years. Ukraine has received $40 billion over the past three years. The total amount required to service the external debt, in fact, is equal to our military spending which makes up 5% of the country’s GDP," Yatsenyuk said.

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