Comité pour l'abolition des dettes illégitimes

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Ukraine

Natural resource grabbing in Ukraine and the Democratic Republic of Congo. Imperial powers on the offensive.

20 May 2025 - by Eric Toussaint

Donald Trump’s Administration is on the offensive to increase its access to the strategic natural resources of various countries. Among their targets are Ukraine and the Democratic Republic of Congo. Regarding Ukraine, an agreement was signed in (…)
“The mining agreement signed between Ukraine and the United States illustrates the desire of US capital for unrestricted access to Ukrainian mineral resources.”

14 May 2025 - by Vitaliy Dudin

The minerals deal signed between Ukraine and the United States reflects US capital’s desire to gain unhindered access to Ukraine’s mineral resources. It also gives the US new leverage over Ukraine’s economic and political situation. In contrast, (…)
‘The left should support a just peace for Ukraine, not a Trump-Putin deal to appease the aggressor’: An interview with Ukrainian socialist Denys Pilash

17 March 2025 - by Federico Fuentes, Denys Pilash

Denys Pilash is a political scientist, member of the Ukrainian democratic socialist organisation Sotsialnyi Rukh (Social Movement) and editor of the left-wing journal Сommons. In this broad-ranging interview with Federico Fuentes for LINKS (…)
“America First” and the Great Upheaval in International Relations

14 March 2025 - by Gilbert Achcar

The “America First” logic, adopted by the US neofascist movement known as MAGA, may seem rational to those who are not familiar with the economic history of international relations. According to Trump and his acolytes, America has spent huge sums (…)
Ukraine’s Debt: an instrument of pressure and spoliation in the hands of creditors

16 January 2025 - by Eric Toussaint

In the present article the author focuses on Ukraine’s debt since the 1990s and more particularly in the years after the invasion of Ukraine by Russia in 2022. It provides answers to several questions. Who are Ukraine’s creditors? How much are (…)
Irrationality and mass paranoia invade our societies

27 August 2024 - by Yorgos Mitralias

“But why are they attacking us? What have we done to them to make them hate us and bomb us like this?”. These are surprising and thought-provoking questions from ordinary Russians living in the Kursk region, asked by reporters sent to cover the (…)
The Drums of War are Banging in Europe

6 June 2024 - by Eric Toussaint, Paul Murphy, Miguel Urbán Crespo

These weeks see the end of the term for an ineffectual European legislature which served during the worst pandemic of this century, during Vladimir Putin’s invasion of Ukraine, and with it, the outbreak of a war on European soil that evokes the (…)
G7: Whether or not to maintain the suspension of Ukrainian debt payments

23 May 2024 - by Eric Toussaint

Why is the G7 discussing Ukraine’s debt? For more than a year, the leaders of the main powers allied against Russia following its invasion of Ukraine have been debating at the G7 (Canada, France, Germany, Italy, Japan, the United Kingdom and (…)
With Palestine and Ukraine against Russia, NATO and Israel Greta leads the way!

6 January 2024 - by Yorgos Mitralias

And yet, despite the gloomy news, despite the rampant barbarism, despite the depression that pervades everything, there is still light and hope! And this light and this hope are the young people who are fighting at the same time on all the great (…)
Resisting the shock doctrine

15 July 2023 - by Eric Toussaint, Sushovan Dhar, Yuliya Yurchenko

Ashley Smith chairs an event with Yuliya Yurchenko, Eric Toussaint, and Sushovan Dhar on the global movement against neoliberalism, debt, and the struggle in Ukraine. In this discussion, Yuliya Yurchenko, Eric Toussaint, and Sushovan Dhar (…)
Real Peace in Ukraine Means Ending Russian Invasion and US-EU Neocolonial Debt

1 July 2023 - by Blanca Missé

CADTM is very happy to republish the article Real Peace in Ukraine Means Ending Russian Invasion and US-EU Neocolonial Debt, which first appeared in Truthout. The article is predicated on an earlier discussion, Resisting the Shock Doctrine: (…)
Reconstructing Ukraine

26 June 2023 - by Michael Roberts

The 2023 Ukraine Recovery Conference (URC23) ended in London last Friday. It was a continuation of the cycle of meetings beginning in 2017. The London URC aimed to build on the commitments agreed last year at Lugano, and the work of the (…)
Ukraine: Resisting creditors

23 May 2023 - by Eric Toussaint, Sushovan Dhar

Sushovan Dhar: What can be said about Ukraine’s debt 15 months after Russia invaded its territory? Éric Toussaint: I must first of all insist that Russia’s invasion of Ukraine is an unjustifiable and morally unacceptable act of aggression. (…)
Resisting the Shock Doctrine: Ukraine, Debt, and Reconstruction

12 May 2023 - by Eric Toussaint, Sushovan Dhar, Ashley Smith, Yuliya Yurchenko

A discussion of Ukrainians’ struggle to cancel their country’s debt as part of the global movement against neoliberalism. In the midst of Russia’s imperialist war, Ukraine’s left, unions, and popular movements have struggled to cancel their (…)
Russia-Ukraine: one year of war – the economics

26 February 2023 - by Michael Roberts

It’s just a year since the Russian invasion of Ukraine. I am not going to discuss the politics of this war in this post. There are plenty of sources for debate on this. Instead, I want to look at the economic consequences of the war for both (…)
Éric Toussaint interviewed by Dora Villanueva (La Jornada – Mexico)

Large-scale speculators increase their profits in the grain market

4 May 2022 - by Eric Toussaint, Dora Villanueva

Éric Toussaint, the spokesperson for the international network of the Committee for the abolition of illegitimate debts (Cadtm), explains that international private investment funds have already benefited from a problem that will not remain mere (…)
Why should Ukraine’s debt be cancelled?

21 April 2022 - by Eric Toussaint, Sushovan Dhar

Sushovan Dhar: How much is the Ukrainian public debt and who are the main creditors? Eric Toussaint: Ukraine’s external debt, public and private, is about $130 billion, half of this debt is owed by the government, and the other half by the (…)
The challenges of the odious debt doctrine in Ukraine

3 April 2022 - by Mats Lucia Bayer

While the Russian invasion of Ukraine continues, the latter contains to languish in a deep debt trap. This has serious consequences for the Ukrainian working people, attacked continuously - socially, politically and economically. We reproduce (…)
Ukraine-Russia: like an earthquake

21 March 2022 - by Michael Roberts

“The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries”. That’s how IMF chief Kristalina Georgieva described the impact of the war on the world economy. Nobody (…)
People around the world demand IMF to cancel Ukraine’s unjust debt

3 March 2022 - by VIktoriia Pihul

The CADTM publishes this petition which emanates from citizens of Ukraine and which rightly asks for the cancellation of the Ukrainian debt. Correctly the initiators of this petition state that the “Chaotic borrowing and antisocial debt (…)
Ukraine: Between a rock and IMF conditionality

16 October 2018 - by Bretton Woods Project

Alarm bells ring about Ukraine’s ability to meet IMF conditionality UN expert criticises IMF anti-corruption privatisation push In September, IMF staff visited Ukraine to discuss the next tranche of its $17.5 billion loan programme, first (…)
IMF Ukraine programme’s impact on women’s rights criticised at Human Rights Council

SUMMARY * WILPF submitted statement to HRC criticising IMF Ukraine programme * Statement argued programme’s harsh conditionalities hurt women * Called for human rights based approach to macro policy making In May the Geneva-based (…)
IMF rule-change sustains lending to Ukraine

11 February 2016 - by Bretton Woods Project

– IMF changes rule on lending to states in arrears to official creditors - Russia to file court proceedings over $3 billion Ukraine debt - Ukraine parliament approves 2016 national budget and tax reforms In late 2015, the IMF’s $17.5 billion (…)
IMF Interference Plunges Ukraine into Recession

12 December 2015 - by Jérôme Duval

It hardly matters if the IMF’s policies, disseminated all over the planet, result in social chaos as they have in Greece and elsewhere since their only objective is actually to reinforce capital at the expense of common goods and public services. (…)
IMF in Ukraine: shock therapy in times of armed conflict

11 December 2015 - by Tiago Stichelmans

Last week, the IMF announced that the disbursement of the third tranche, or portion, of the IMF programme in Ukraine was dependent on the adoption by Ukrainian authorities of the 2016 budget and a tax reform agreed as part of the IMF bailout. (…)