Ukraine - November 15, 2024

Ukraine is being plundered by imperialism and the business of reconstruction works that are to be prepared: war is the big business of the imperialist era

Ukraine is devastated by war and the suffering of the masses is unprecedented. Ukraine's infrastructure is in ruins: thousands of schools, hospitals, residential buildings have been destroyed or severely damaged, and more than 20% of agricultural land has been rendered unusable. And as a harsh winter approaches, only 50% of energy plants are working.
Ukraine is suffocated by debt. The external debt will reach 170 billion dollars (96% of its GDP) in 2024, and there is another 40 billion in local bonds. Since the beginning of the Russian invasion, the debt has almost doubled, because about 70% of all international financial aid to Ukraine has been in the form of loans, with interests to be repaid by the state. The IMF is one of its main creditors, along with the EU. And many private investors have bought Ukrainian debt, including BlackRock, Amundi (the largest asset manager in Europe) and Pimco (the main bond fund in the world).

Meanwhile, the imperialist pirates are drooling over the juicy business of Ukrainian reconstruction, today led by Trump and his construction companies. According to the World Bank, Ukraine's losses from the war amount to 500 billion dollars and it estimates that in the next 10 years the business of rebuilding Ukraine will represent about 486 billion dollars. Just to repair the most necessary and immediate losses of the year, Ukraine needed 15 billion dollars. The EU has already set its foot in this business with the Davos Baukultur company (an alliance of European governments and construction companies).

Clearly, imperialism is playing to keep the majority of the spoils and wealth of a crushed Ukraine, if a revolution does not succeed to lead to the victory of the war of national liberation.