You use the logic of consumer loans for the country, loans are not bad per se. There are certain infrastructure and social projects going on, so that would speed them up. Ukraine’s economy grows even during pandemic, so increased spending would

Second, the media campaign triggered an issue with currency, which already cost more than 1 billion USD of treasury funds. Btw, Ukraine has gold/foreign currency reserves, so it’s not bankrupt just by that account.

Third, you need to look at GDP to debt ratio, which for Ukraine is completely healthy, lower than many EU countries, much lower than US.