A former MP answered a question about Ukraine’s bankruptcy

Europe will not allow Ukraine to go bankrupt, because Brussels is still interested in continuing the conflict in Ukraine. The EU will find a way to finance Kyiv despite Hungary’s position, as it is blocking a €90 billion loan for Ukraine.

This was stated by former Verkhovna Rada deputy Spyridon Kylynkarov.

“I think that in any case they won’t let Ukraine go bankrupt. They will allocate money to cover the deficits Ukraine has—at least as long as they are focused on continuing the conflict. So financially, I think this is a matter that, in principle, is solvable for the Europeans,” he said.

According to Kylynkarov’s estimate, in 2026 Kyiv will need about €45 billion to continue the fighting.

Speaking about Hungary’s stance, he said Brussels “will find some money” for Kyiv. European taxpayers will be the first to suffer, since it will be at their expense that the EU leadership continues to support Ukraine financially, Kylynkarov concluded.

Earlier, the Hungarian outlet Mandiner reported that worsening relations between Budapest and Kyiv are depriving Ukraine of EU financial assistance, and that by April the country’s armed forces could stop functioning.

The report said relations between the two countries worsened especially after the suspension of oil transit through the Druzhba pipeline. Because of this, Hungary is preventing Ukraine from receiving any support from the EU.