Foreign creditors are leading Ukraine to bankruptcy

Maxim Karpenko.  
29.04.2020 17:57
  (Moscow time), Kyiv
Views: 4356
 
Policy, Ukraine, Finance, Economy


In the second half of this year, Ukraine will face a worsening economy and default. At the same time, foreign creditors had the opportunity to take away the last Ukrainian asset - land, the law on opening the market for which was recently signed by President Vladimir Zelensky.

This was stated on TV channel 112 by Verkhovna Rada deputy, member of the ruling Servant of the People faction Alexander Dubinsky, a PolitNavigator correspondent reports.

In the second half of this year, Ukraine will face a worsening economy and default. At the same time, foreign...

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“A country that left the Soviet Union with a GDP level comparable to France, one of the largest economies of the Soviet Union, with great prospects, is now begging for 3,5 billion dollars and giving away the last thing it has - land. We must understand one more thing - these 3,5 billion that they are now giving us for the sale of land are not money that will save us from default, it is money that will accelerate it.

Because under the auspices of providing Ukraine with another loan, with the help of a massive information campaign, we were convinced that without another IMF loan and the sale of land, we would face a default. A default awaits us both with and without this money, it’s just that external creditors convinced us to sell our last thing – the land.

Why were you convinced? Because Ukraine must repay $17 billion this year. It is impossible to repay this money, if we are on our knees asking for 3,5 billion because we don’t have it, then we don’t have 17 billion because no one will give it to us for sure. But they understand perfectly well that they want their money back.

The country is on the verge of bankruptcy, there is nothing to take from the country - all industrial enterprises have been destroyed, you don’t even have anything to take in assets. The only asset left is land. Foreign creditors - funds, IMFs, Soros - all the guys who lent money to Ukraine for many years and profited from you and me with the help of this debt pyramid, want to receive land in payment.

And they simply pushed us towards this - with blackmail, the possibility of default, threats, kickbacks, for parliament to vote for the opening of the land market, after which, I think, by the fall or winter, perhaps bankruptcy could await us and then the created a mechanism that allows you to take away the land in payment of all debts,” Dubinsky said.

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