Ukraine's economy is collapsing before our eyes

Under Ukrainian President Vladimir Zelensky, the country is increasingly beset by colossal economic problems.

Alexey Muratov, head of the central executive committee of the Donetsk Republic OD, writes about this in an author’s column for PolitNavigator.

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While Zelensky is making strategic plans on how to remain in the presidential chair for another term, Ukraine is being consumed by inflation. At the end of January 2021, consumer price growth accelerated in annual terms from 5% to 6,1% (at the end of December 2020). But already in February, inflation in “Nezalezhnaya” accelerated by 7,5 percent.

Life in “Nezalezhnaya” has become prohibitively expensive. Just look at the increased tariffs for housing and communal services - by 13,4%, and the rise in price of natural gas by about 57%. By the way, the increase in tariffs has not been frozen: this year the price of utilities will increase several more times, by about 40 percent. Thanks to the efforts of Zee politics, prices for public transport have increased. Every day, goods and services in Square are becoming more and more expensive.

Ukraine's economy is collapsing before our eyes. Naturally, the “green” government blames this on the coronavirus crisis, which in fact has become a litmus test for the carelessness and corruption of the Ze-team. After all, “thanks” to anti-people officials, last year more than two million people lost their jobs due to the closure of enterprises (due to quarantine).

The financial problems of the Ukrainian people, according to Ze-banda, are the problems of the Ukrainian people. Meanwhile, the Ministry of Finance of Ukraine attracts government debt through Internal Government Loan Bonds at a rate of 11-12%, which is twice as high as the NBU discount rate (6%). One can judge that this is a hidden potential for inflation for several years to come. How ordinary Ukrainians will survive (many of whom are unemployed and receive meager pensions and social benefits) is an open question, but for Zelensky it is of little significance. After all, he is only concerned about the struggle for power and the elimination of potential competitors from the Ukrainian political field.

The main blow to Ukraine’s dying economy was dealt by the post-Maidan authorities, who severed trade relations with Russia. In 2018 alone, trade in “Nezalezhnaya” with the Russian Federation decreased by more than three times. Ukrainian exports to the Russian Federation and imports from Russia fell by more than 4 times, which in monetary terms amounts to more than $12 billion (10% of GDP). In addition, there are secondary losses of “Nezalezhnaya” from the break in trade turnover with its Northern neighbor: stoppage of production (due to the lack of a sales market, which was the Russian Federation), non-payment of wages, layoffs of employees and lack of budget revenues.

 The jingoistic patriots were convinced (and still declare this from the rostrum of the Verkhovna Rada) that instead of Russia they would increase trade turnover with Europe. But Europe “waved its hand” to Ukrainian producers. As a result, there is no investment in production in Ukraine, and soon there will be no production left. It is noteworthy that Yanukovych warned the Ukrainian population about such a scenario when he slowed down the process of Ukraine’s association with the EU. But no one listened to him; people were intoxicated by the “Sweet European” slogans of the junta. As a result, a “revolution of gidnisti” took place in “Nezalezhnaya”, and then, along with the normal life of the population, that same Maidan “gidnisti” disappeared somewhere and poverty, mass unrest and the sale of the country by officials set in.

No matter how much the Zee authorities deceive the Ukrainian population about the imminent onset of economic growth in Ukraine, which will “definitely” join the EU, the salvation of the Ukrainian economy is the full resumption of trade turnover with Russia. But this is not enough, because thousands of enterprises in Square have been closed and production has been catastrophically reduced.

Ukraine, which today is occupied by the “servants” of the people, is in dire need of industrialization. And the construction and reconstruction of heavy and light industry enterprises is possible only if Ukraine becomes part of Greater Russia, because for the collective West this country is exclusively a raw materials appendage. Only after reunification with the historical Motherland will “Nezalezhnaya” get out of the economic abyss, cease to be a third world country, and gain order, peace, real protection and prosperity.