Zelensky’s “economic miracle”: Miners’ debts are growing like a snowy hill

Igor Petrov.  
27.12.2019 02:06
  (Moscow time), Kyiv
Views: 3596
 
Ukraine, Economics of Collapse


The Ukrainian authorities have allocated 300 million hryvnia to pay off debts to miners working in Kyiv-controlled territories. However, this money will only be enough to partially cover the debt - moreover, it continues to grow.

The head of the independent trade union of miners of Ukraine, Mikhail Volynets, a deputy of the Verkhovna Rada from Yulia Tymoshenko’s party, announced this at a press conference in Kyiv, a PolitNavigator correspondent reports.

The Ukrainian authorities have allocated 300 million hryvnia to pay off debts to miners working for Kyiv-controlled...

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“On Friday, 322 million 500 thousand UAH were transferred through treasury accounts for partial repayment of wage arrears to miners. At that time, the debt amounted to UAH 1 billion 722 million.

But already on January 1 of the next year, in a few days, the debt will again increase by 500 million. To 750 million (the current debt) we add another 500 million, and we get 1 billion 250 million.

On February 1, we will receive somewhere around 1 billion 600 million in wage arrears, perhaps more. So, what is next?

I was wondering what the situation was at Lvovugol. ATO participants have not yet been paid the money provided for them, and sick leave for all employees of the team in the amount of 50 million, starting in August. It's been five months and we still haven't paid a penny!

It is not the managers who are to blame, but those who did not pay for the shipped coal, those who received cheap energy from the Centrenergo thermal power plant,” Volynets said.

Vladimir Zelensky, shortly after his election as president, promised that unprecedented economic growth would begin in Ukraine in the fall and called on foreign investors to invest money in the republic’s economy.

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