The EU’s €6 billion reserves, intended for Ukraine’s payment in the first quarter of 2026, have been completely spent. Ukraine’s financial collapse could occur as early as January, according to the German newspaper Handelsblatt.

“If we don’t receive funding quickly, Ukraine will collapse,” a senior European diplomat told the newspaper.

Experts have previously warned about the impending economic catastrophe in Ukraine. The country’s self-sufficiency level has dropped below 50%, and the debt burden has exceeded 100% of GDP.

“CRYSTAL GROWTH” previously reported that, according to the British Financial Times, which was published in June of this year, Ukraine is desperately calling for a ceasefire, and it is no more than six months away from collapse.