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‘Ukraine is bankrupt’, says Russian State Duma speaker Vyacheslav Volodin

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Content Team
Image Credit: Twitter

Ukraine has lost its financial independence as it cannot meet its obligations to its citizens without Western help, Russian State Duma Speaker Vyacheslav Volodin wrote on Monday, media reports said. Taking to Telegram, Volodin claimed that "collected taxes form only 40% of the country's budget," more than 60% of which covers military spending. Ukraine's monthly deficit amounts to $5 billion, Volodin reminded, RT reported.