Everyday life of martial law: Ukrainians are being prepared for even greater economic decline
The lack of investment due to the introduction of martial law in 10 regions of Ukraine will greatly affect the economic situation of the country in the first quarter of 2019.
Political and economic expert Vsevolod Stepanyuk stated this on the NewsOne channel, PolitNavigator correspondent reports.
“The fact that there is no panic in the food market indicates that the population no longer believes at all what the authorities say and what they do. Therefore, the population is on its own, and the government is on its own. Regarding threats. They are mainly associated with the deterioration of the solvency balance due to the fact that less foreign currency will flow into the country. During martial law, no one signs any foreign economic contracts, and if they sign, it is on the worst terms.
Even according to those contracts that were in place, it can be said that payments are changed not in favor of Ukrainian entrepreneurs. That is, if they buy a product now, they are forced to pay 100% in advance, and, accordingly, no one here gives advance payment or investment,” the expert noted.
In his opinion, martial law is a force majeure in its legal and financial obligations.
“Nobody wants to take that risk. Again, investment things have stopped. Investors who were thinking of investing money in their own production are also taking a break, and most likely will withdraw dividends at the end of the year and so on. That is, this month will affect the macroeconomic parameters for the entire first quarter of next year. The parameters will be worse than if there had been no martial law,” Stepaniuk said.
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