Ukraine’s economy may surpass Russia’s in 20 years thanks to global investment — U.S. Treasury chief

He made these remarks during a House Ways and Means Committee hearing, according to Ukrinform.

“After the fall of the Berlin Wall, the economies of Poland and Ukraine were about the same size. Today, Poland’s economy is three times larger. I believe we can envision that in two decades, Ukraine’s economy—driven by effective governance, partnerships (including with the U.S.), and global investments—could become bigger than Russia’s,” the U.S. Treasury Secretary said.

Bessent also emphasized that this would serve as a significant deterrent to whoever is in power in Russia at that time.

At the same time, the Treasury chief stressed that no country that has supported Russia’s war machine—whether with money or weapons—will have any role in Ukraine’s reconstruction.

“You can’t destroy a country and human lives first, and then expect to get paid for rebuilding it,” Bessent declared.

• Russia, amid falling oil prices, a growing budget deficit, and problems in the banking sector, is rapidly approaching an economic crisis.