After the collapse of the hryvnia, Kolomoisky will buy up all of Ukraine
Moscow - Kyiv, February 26 (PolitNavigator, Mikhail Stamm) - The currency and consumer panic that began yesterday in Ukraine in large cities of the country may continue today, writes Kommersant. Experts interviewed by the publication hint at its artificial heating by investors who want to buy Ukrainian assets on the cheap.
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The unregulated collapse of the hryvnia on the black market may continue today, and it is this that the retail currency market in Ukraine and retail are now focusing on.
“Ukraine’s problem is the import component of consumption,” explains Oleg Ustenko, head of the Kyiv office of the Bleyzer Foundation. “Imports for a Ukrainian mean a third of the food basket, half of the wardrobe, two-thirds of purchased fuel and 100% of consumer electronics. However, the collapse of the hryvnia since February 6 is difficult to explain in itself. After the devaluations of 2014, Ukraine’s balance of payments is close to stabilization, and the NBU’s reserves have not been exhausted, and the IMF is ready to provide credit tranches to Ukraine in March 2015, if the Ukrainian parliament passes the necessary amendments to the budget and legislation.”
According to the expert, the explanations could be either politically motivated transactions with the hryvnia of large players, such as Igor Kolmoisky’s Privat-Bank, or the expectation of an escalation of the conflict in south-eastern Ukraine.
The collapse of the hryvnia is also beneficial for foreign investors aimed at buying up Ukrainian black soil soils.
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