Strengthening Ukraine’s debt position through the lens of european integration
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Дата
2025-11-03
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Видавець
Alfred Nobel University
Анотація
The article examines an approach to assessing the state of Ukraine’s debt position through the prism of European integration processes. The relevance of strengthening the debt position is substantiated due to the deteriorating dynamics of public debt, its structure, and its negative impact on the country’s financial stability amid a challenging economic situation. The purpose of the article is to highlight the characteristics that define Ukraine’s debt position and to substantiate approaches to its strengthening through the prism of European integration processes. The importance of restructuring Ukraine’s public debt and the necessity of reaching agreements with creditors as key mechanisms for reducing the debt burden are emphasized. The role of credit ratings by international agencies in determining the risks of the country’s debt obligations and their influence on the likelihood of default is also highlighted. Based on this, a comparison of Ukraine’s debt situation with the experience of its improvement in other countries worldwide is conducted.
The results confirm the need to develop scientifically grounded approaches to public debt management to strengthen its debt position on the path to integration into the European economic space. Special attention is given to evaluating the factors of debt sensitivity to default, taking into account the structure of Ukraine’s total debt. It is emphasized that restructuring remains the only optimal tool for avoiding default and minimizing socio-economic losses. Issues related to the restructuring efforts already undertaken in Ukraine and their impact on the country’s current debt position are also addressed.
The research demonstrates confirm the urgent need for a strategic approach to debt policy to support solvency and realize Ukraine’s integration aspirations amid the ongoing war. The analysis is based on data from international organizations and scientific works, underscoring the importance of adapting to EU standards in public finance management. Furthermore, the article reflects a compelling awareness of the depth of debt problems and the long-term complexity of their resolution.
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Ключові слова
debt position, European integration, restructuring, public debt, default, debt obligations, debt sustainability, боргова позиція, євроінтеграція, реструктуризація, державний борг, дефолт, боргові зобов’язання, боргова стійкість