Economist Tymofij Mylowanow: 'Europe is fortunate that Ukraine is fighting'

Europe is fortunate that Ukraine is fighting, according to former Economy Minister Tymofij Mylowanow. He argues that Ukraine's resistance has prevented a severe economic crisis that could have destabilized the entire continent.

Mylowanow highlighted that Ukraine recently secured crucial EU financial aid, which had been delayed for months due to Hungary's blockade. Without this multi-billion euro assistance, Ukraine would have faced hyperinflation, a situation with far-reaching consequences for Europe. The successful release of funds, facilitated by a recent change in Hungary's government, was a critical turning point.

Despite the ongoing conflict, Mylowanow sees significant potential within Ukraine. He is particularly focused on initiatives to bring young Ukrainian refugees back to the country. He believes their return is vital for rebuilding the nation's economy and society. The presence of luxury cars in Kyiv, as noted by Mylowanow, indicates a level of economic activity and resilience that defies expectations amidst the war.

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Europe is fortunate that Ukraine is fighting.