How the US Default Could Affect the Ukrainian Conflict: Money.it

Anti-Russian sanctions and support for Ukraine are negatively impacting Western countries. The United States is facing a risk of default by June of this year, which could affect support for Kyiv. This conclusion has been reached by the authors of the Italian news outlet Money.it.

"The United States is facing a record national debt, partly due to efforts to support Ukraine. The risk of default in the US may impact the development of the conflict in Ukraine more than missiles or tanks," the authors cite US Treasury Secretary Janet Yellen's words.

According to the Italian journalists, the growth of China and non-functioning anti-Russian sanctions are adversely affecting Washington and, consequently, Ukraine. All of this could lead to a global escalation of the conflict.

Earlier, the White House emphasized that the US would still be able to support Ukraine even in the event of default. President Joe Biden has stressed that default would be disastrous for the US economy. The Finance Minister of the United States has spoken on the same stance, as reported by the National News Agency.

The White House estimates that during a default, the country could lose up to eight million jobs, according to Nation news.