Ukraine spends almost all the money it brings in through taxes to fund the war. That leaves a huge deficit because there are other bills to keep society functioning, like old-age pensions and salaries for teachers, doctors, nurses and state employees. At the beginning of the war, Ukraine resorted to having the central bank print new money, a dangerous stopgap because it can fuel inflation and destroy the value of the country’s hryvnia currency. Ukraine’s hard-won economic stability is under threat again as the government faces a large budget hole and its two biggest allies and sponsors the United States and the European Union have so far failed to decide on extending more aid. Without pledges of support by the start of February when EU leaders meet to decide on aid and if no money arrives by March, that could risk the progress Ukraine has made against inflation. Do you think that Ukraine risks losing its statehood ?

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