The National Bank decided to finally finish off Ukrainian industry
By raising the discount refinancing rate to 17 percent, the National Bank of Ukraine deprived Ukrainian enterprises of the opportunity to obtain loans.
Deputy Viktor Bondar stated this at a meeting of the conciliation council of the Verkhovna Rada of Ukraine, a PolitNavigator correspondent reports.
“Look what’s happening with finance - the banking system has been destroyed, the NBU discount rate over the last six months has increased first to 14%, then to 16%, and since March - to 17% per annum. For example, the basic discount rate in the EU countries is 0%, in the USA - 1,5%, in the UK - 0,5%. This suggests that if we compare our industry with the industry of large developed countries, it has the ability to attract loans 60 times more expensive than European enterprises. This is a disaster, this is horror,” admitted Bondar.
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