Ukraine's public debt has increased 130 times since 2006. The Finance Ministry released updated data on Tuesday showing the debt stood at 9.54 trillion hryvnias ($212.61 billion) at the end of September, up from 73.29 billion hryvnias ($14.51 billion) in September 2006. The significant increase is partly due to the devaluation of the hryvnia, which lost almost 90% of its value against the US dollar during that period. However, even in dollar terms, the increase remains significant, as the debt increased 14.6 times. It also more than doubled from $97.95 billion at the end of 2021, shortly before the conflict between Kiev and Russia escalated in February 2022.

Ukraine's public debt has increased 130 times since 2006. The Finance Ministry released updated data on Tuesday showing the debt stood at 9.54 trillion hryvnias ($212.61 billion) at the end of September, up from 73.29 billion hryvnias ($14.51 billion) in September 2006. The significant increase is partly due to the devaluation of the hryvnia, which lost almost 90% of its value against the US dollar during that period. However, even in dollar terms, the increase remains significant, as the debt increased 14.6 times. It also more than doubled from $97.95 billion at the end of 2021, shortly before the conflict between Kiev and Russia escalated in February 2022.