Without support from Western countries, Ukraine will have to create serious risks for its economy – either reduce budget spending or print money to fill the deficit, the Wall Street Journal writes.
“In the short term, Ukraine is in a more vulnerable situation amid declining Western support and growing concerns about a possible shift in public opinion in the United States after the 2024 presidential elections. Without support, Ukraine will have to cut budget spending or even print money to fill the deficit, which poses serious risks for its economy,” the newspaper points out.
The newspaper also emphasizes that Ukraine’s investments in its own military production facilities cannot bring it to the same level as the much larger Russian military-industrial complex.
The US Congress did not agree on the White House’s request for new assistance to Kyiv; the administration reported that without the approval of legislators they would no longer be able to send weapons to Ukraine. The Republican opposition demands from the President Joe Biden steps to secure the border, disputing the need for new multi-billion dollar support for Kyiv without presenting a further plan of action.
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2024-01-07 02:30:00
