A complete mess: Ukraine borrowed money at an unrealistically high interest rate
The Ministry of Finance of Ukraine placed external government loan bonds for $725 million. The relevant information was published on the official website of the Ministry of Finance.
Managing partner of the investment company Capital Times, Eric Nyman, noted on his Facebook page that the Ukrainian authorities borrowed money at an “unrealistically expensive” interest rate of 9,10-9,15% per annum.
“The loan was made urgently. Even for a country with a population of 10 million people, such an amount would be relatively small. The credit rate indicates that they are ready to take on any terms.
Now let’s remember about the Russian billions that Russia gave to Yanukovych essentially without interest. No matter how bad things are in Russia, in Ukraine things seem to be even worse...”, Russian political scientist Alexander Ustinov wrote in his Telegram channel.
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