The reserve of measures to save the hryvnia has been exhausted

15.02.2015 21:41
  (Moscow time)
Views: 902
 
Ukraine, Finance, Economics of Collapse


Kyiv, February 15 (PolitNavigator, Vladimir Raichenko) – Ukraine’s internal reserves have been exhausted, and IMF assistance will only delay the collapse for some time.

This opinion was expressed in an interview with the Kyiv magazine “Correspondent” by Vladimir Landa, a consultant at Strategic Business Solutions, answering the question of how to stop the fall of the hryvnia, and whether this is now possible in principle.


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“It seems that the reserve of internal measures to save the hryvnia is almost exhausted; we can only rely on external sources of financing,” the analyst believes. – First of all, Ukraine needs assistance from the IMF or other financial organizations in the amount of at least $15–20 billion. Without such outside assistance, Ukraine will experience difficulties paying bills in the spring. But this measure is not a panacea; it can only postpone the problem for one or two years.”

According to Vladimir Landa, during this time Ukraine needs to stabilize the geopolitical situation and create conditions for attracting investment to the country.

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