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Ukraine: War and Debt Crisis

At this moment (September 2022), this focus paper is intended to accomplish two things: first, Ukraine's current debt situation is analysed. Second, options are presented for a possible debt settlement after the end of fighting and under the condition of a continuing independent Ukrainian state. To this end, the initial situation before the onset of the aggression is first considered to then take a closer look at the differing types of financing received by the Ukrainian state for its self-defence. Finally, there is a discussion on the question of how the foreseeably unsustainable debt can be reduced once the war ends so that the Ukrainian state has a chance of self-determined reconstruction.