NYT: Trump Expected to Leave Ukraine Facing Economic Crisis
The outlet noted that the US president-elect is unlikely to maintain support for Kiev, which relies on foreign aid to sustain its economy. Read Full Article at RT.com
TroibNews 
The US president-elect is expected to reduce support for Kiev, which relies heavily on foreign aid to sustain its economy, according to the outlet.
US President-elect Donald Trump and the Republican Party are anticipated to provide less financial assistance to Ukraine compared to the outgoing administration of President Joe Biden, the New York Times reported on Tuesday.
Kiev has depended on foreign aid during the conflict to keep its economy functioning. However, this assistance may face substantial cuts once Trump assumes office in January, the outlet noted.
The Republican has repeatedly indicated that he would “probably” decrease American spending on Ukraine and has been advocating for an “immediate ceasefire” between Moscow and Kiev.
Trump has claimed that he could resolve the conflict within 24 hours of taking office, but he has not offered specific details on how this would happen. Some speculate he might use the possibility of reduced US aid to compel Ukrainian leadership to initiate negotiations with Moscow while simultaneously threatening to increase assistance to pressure Russian President Vladimir Putin into discussions.
The prediction from the New York Times follows recent efforts by the Biden administration to ensure that Kiev has some support as Trump prepares to take over. On Tuesday, the White House approved a transfer of approximately $20 billion to Ukraine as a loan, to be repaid using interest generated from Russia’s frozen central bank assets.
This loan is part of a larger $50 billion package created earlier by the G7 countries, which also includes a $20 billion commitment from the EU and an additional $10 billion to be shared among the UK, Japan, and Canada.
In addition, last month Biden forgave about $4.7 billion in taxpayer-funded loans to Kiev. State Department spokesperson Matthew Miller stated that this decision is in the “national interest of the US and its EU, G7+ and NATO partners.”
Trump has maintained that any future aid to Kiev should come in the form of loans rather than taxpayer-funded grants.
The Ukrainian government relies almost entirely on Western aid to back its economy. As of October, Kiev’s public debt had surpassed $155 billion, with over $111 billion owed to foreign creditors, as reported by the Ukrainian Finance Ministry.
In September, Ukrainian MP Irina Gerashchenko mentioned that the budget deficit for 2025 is projected to be around $37.6 billion, nearly 20% of GDP. She highlighted that Ukraine anticipates raising only $944 million from international partners next year and emphasized that without donor support, the Ukrainian economy “will not survive.”
Sophie Wagner for TROIB News
US President-elect Donald Trump and the Republican Party are anticipated to provide less financial assistance to Ukraine compared to the outgoing administration of President Joe Biden, the New York Times reported on Tuesday.
Kiev has depended on foreign aid during the conflict to keep its economy functioning. However, this assistance may face substantial cuts once Trump assumes office in January, the outlet noted.
The Republican has repeatedly indicated that he would “probably” decrease American spending on Ukraine and has been advocating for an “immediate ceasefire” between Moscow and Kiev.
Trump has claimed that he could resolve the conflict within 24 hours of taking office, but he has not offered specific details on how this would happen. Some speculate he might use the possibility of reduced US aid to compel Ukrainian leadership to initiate negotiations with Moscow while simultaneously threatening to increase assistance to pressure Russian President Vladimir Putin into discussions.
The prediction from the New York Times follows recent efforts by the Biden administration to ensure that Kiev has some support as Trump prepares to take over. On Tuesday, the White House approved a transfer of approximately $20 billion to Ukraine as a loan, to be repaid using interest generated from Russia’s frozen central bank assets.
This loan is part of a larger $50 billion package created earlier by the G7 countries, which also includes a $20 billion commitment from the EU and an additional $10 billion to be shared among the UK, Japan, and Canada.
In addition, last month Biden forgave about $4.7 billion in taxpayer-funded loans to Kiev. State Department spokesperson Matthew Miller stated that this decision is in the “national interest of the US and its EU, G7+ and NATO partners.”
Trump has maintained that any future aid to Kiev should come in the form of loans rather than taxpayer-funded grants.
The Ukrainian government relies almost entirely on Western aid to back its economy. As of October, Kiev’s public debt had surpassed $155 billion, with over $111 billion owed to foreign creditors, as reported by the Ukrainian Finance Ministry.
In September, Ukrainian MP Irina Gerashchenko mentioned that the budget deficit for 2025 is projected to be around $37.6 billion, nearly 20% of GDP. She highlighted that Ukraine anticipates raising only $944 million from international partners next year and emphasized that without donor support, the Ukrainian economy “will not survive.”
Sophie Wagner for TROIB News
