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No measures, reforms or external assistance will help revive the Ukrainian economy, which is in a state of delayed default. Ukrainian strategy consultant and forecaster Vladimir Stus stated this on the Politeka Internet channel, PolitNavigator correspondent reports. “Approximately once every three years, the government announces a reduction in the number of state apparatus. And as a result of this next great reform...
With the current policy, already in 2024 Ukraine will be faced with the need to declare a default. This was stated on the Internet channel “Alpha and Omega” by the acting director. Director of the Institute of Applied Systems and Technologies, Kiev economist Daniil Monin, reports the PolitNavigator correspondent. “Unfortunately, with the policy we are currently pursuing, we are moving towards default. That is, this is the inability to fulfill one’s...
External borrowing has become the basis for the existence of the Ukrainian state, which is only accumulating new debts. The Chairman of the Council of the “Other Ukraine” Movement, Viktor Medvedchuk, comes to this conclusion, the PolitNavigator correspondent reports, in the Borrowing material – the only possibility for the functioning of the Ukrainian economy. “The purposeful policy of the Zelensky team to destroy the Ukrainian economy, which has been ongoing since 2019, is taking on a new format of degradation and debt. Macroeconomic failures...
US military assistance to Ukraine will be in jeopardy if Congress does not agree to increase the size of the national debt and a default occurs. This was stated by Chief of the US Joint Chiefs of Staff Mark Milley following an online meeting of the Contact Group on the Defense of Ukraine, a PolitNavigator correspondent reports. According to the general, a default will affect the entire American security sector, including...
The international rating agency Fitch downgraded the credit rating of the Ukrainian railway from CCC to C (default is inevitable). The agency reported this in its official release, a PolitNavigator correspondent reports. The reason for the change in rating was Ukrzaliznytsia’s appeal to creditors with a request to defer for 24 months the repayment of their Eurobonds, which were due in 2024 (almost 600 million...
The Ukrainian government did not give permission to Naftogaz to pay Eurobond holders. Since the payment deadline passed on July 26, this means a default. Naftogaz management, in a press release, places full responsibility on the Cabinet of Ministers, insisting that the company had the necessary funds in its accounts. “Since the failure to fulfill obligations on Eurobonds has practically deprived Naftogaz of access to the international capital market, the Cabinet of Ministers...
The so-called default of Russia announced in the West will not become a problem for the Russian financial system. This opinion, a PolitNavigator correspondent reports, was expressed by leading expert of the Center for Political Technologies Nikita Maslennikov, answering the question of what this kind of default threatens Russia with. “I don’t see any particular problems for the state treasury. The country has switched to three-year budget planning, which provides for fairly moderate borrowing on public debt.…
The situation with the so-called default of Russia looks absurd, however, the Russian Federation will suffer little from this. The head of the analytical research department of the Higher School of Financial Management, Mikhail Kogan, said this, a PolitNavigator correspondent reports. “The situation with Russia’s national debt is exceptional, and everyone understands this very well. The very posing of the question when they don’t let you pay your bills, although...
The American agency Bloomberg declared a default in Russia - it claims that the default occurred on Monday night for the first time in a century, but so far is “mostly symbolic in nature and means little to the Russians.” Bloomberg writes about this, commenting on the grace period for interest payments of about $100 million that expired yesterday. The fact of non-payment of interest on...
The West has allocated $8 billion in loans to Ukraine over the past 50 years, which disappeared “like water into sand.” Former Prime Minister of Ukraine Nikolai Azarov stated this in an interview with the Belarusian news agency Belta, a PolitNavigator correspondent reports. “When this regime collapses, and it will certainly collapse under the weight of its crimes, those who are lulled by the tales of Arestovich and... will have to open their eyes.
Chairman of the Central Bank of the Russian Federation Elvira Nabiullina believes that Russia is not in danger of default. She stated this today in the State Duma of the Russian Federation, a PolitNavigator correspondent reports. “Russia has all the necessary financial resources. We are not threatened with any default,” Nabiullina said. State Duma Speaker Vyacheslav Volodin praised her for her “responsible statement” and invited deputies to applaud. At the same time, Nabiullina...
Ukraine has actually lost the ability to take external loans. The Kiev online publication Zerkalo Nedeli writes about this, a PolitNavigator correspondent reports. “The steep peak of our Eurobonds seems to have ended, but they will not return to their “pre-crisis” value until Ukraine disappears from the front pages of the world media. And although our appetites here are much more modest - the Ministry of Finance planned to attract...
In recent years, Ukraine has accumulated so many loans at high interest rates that it has scared off investors and come close to financial collapse. The director of the economic policy department of the Federation of Employers of Ukraine, Sergei Salivon, said this on air on the Internet channel “Capital”, reports the correspondent of “PolitNavigator”. “Ukraine has attracted external commercial borrowings in recent years at rates two to three times higher than Russia. On the…
Ukrainians urgently need to stock up on dollars, as the country is on the verge of default. A Ukrainian businessman, owner of the Khortitsa trademark and head of the supervisory board of the Global Spirit alcohol holding, Evgeniy Chernyak, writes about this in his blog, a PolitNavigator correspondent reports. He noticed that Ukrainian Eurobonds began to sharply lose value. “This usually happens when investors start dumping en masse...
