Geopolitics
Ukraine Received Aid Totaling Two and Half Times Its GDP Since War Began
Alexander Mercouris
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"If you totalize the aid provided to Ukraine over the last four and a half years since the start of the special military operation, if you totalize aid, add military and civilian aid and lump them all together, then Ukraine has received more in aid from the West than its GDP. In fact two and a half times more than its GDP. And yet its nominal GDP is about the same as it was at the start of the war. Well, that is of course completely artificial. Nominal GDP is simply propped up by all this enormous flood of western aid. True GDP actually organicely generated GDP in Ukraine has collapsed."
Analysis shows Western aid to Ukraine has exceeded 250% of the country's GDP since February 2022, yet Ukraine's nominal GDP remains flat, indicating complete artificial support. Industrial production has fallen by a third officially, with small and medium business production likely collapsed entirely. This stands in contrast to Russia's machine-building sector growing 8% year-on-year despite overall economic constraints.
From this episode
Alexander Mercouris