Financial collapse is approaching Ukraine
Over the next three years, Ukraine needs to repay about $25 billion borrowed from foreign creditors.
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Ukrainian economist Viktor Skarshevsky writes about this in his blog. According to him, Ukraine will somehow survive 2018, since the gold and foreign exchange reserves of the National Bank today total $18,7 billion, and payments on external debts, including those guaranteed by the state, will amount to 6,9 billion.
“2019 is a critical year for the Ukrainian economy, which will see the peak of political populism - the elections of the President and the Verkhovna Rada - with peak payments on external debt - about $9 billion. In 2020, $9 billion will also need to be paid. If this is accompanied by a deterioration foreign economic situation for raw materials (the main sources of foreign exchange earnings in Ukraine), then the situation of 2014-2015 may be repeated - a sharp devaluation and inflation against the backdrop of an economic recession,” the expert warns.
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