Ukrainian Debt, Military Spending, and Energy

Ukraine has been in deep debt for some time now from spending on natural gas contracts, natural gas infrastructure, the steep buildup of its military since 2014, and years of deficit spending going back to 2000. Besides the $5 billion loan guarantee for unbundling its energy sector, international lenders such as the World Bank, IMF, and European Commission have given the country somewhere on the order of $38 billion. External debt went from $25 billion in 2000 to $140 billion in 2015.

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