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The European Union's executive arm is blocking a €1,5 billion loan to Ukraine over fears of the recipient country's financial insecurity. Bloomberg writes about this. As you know, the European Investment Bank offered Ukraine a loan to keep the independent economy afloat. The European Commission guarantees EIB loans for operations outside the EU, reserves usually amount to 9% of total funding, but in this...
Ukraine's external debts to Western creditors are primarily of a political nature. Former Minister of Economy of Ukraine Viktor Suslov writes about this in his blog. He considers as a mistake the statements of individual Ukrainian politicians and experts about the admissibility and normality of a default on Ukraine’s external obligations, including to the IMF and other international financial organizations and foreign states.…
Ukrainian President Petro Poroshenko has brought the country to such an economic state that it is time to declare a default and admit its insolvency to European creditors. Ex-militant of the Dnepr-1 battalion, deputy of the Verkhovna Rada Vladimir Parasyuk said this on the air of the Majlis TV channel “ATR”, a correspondent of “PolitNavigator” reports. “We must give ourselves an answer to the question of where we want to go. If we want to move...
Ukraine should take the example of Greece, declare a default and inform “international partners” that it is not going to repay its debts. The fugitive oligarch, ex-head of the Dnepropetrovsk region Igor Kolomoisky stated this in an interview with Ukrainian journalist Sonya Koshkina, a PolitNavigator correspondent reports. According to him, Ukraine has been plundered in recent years, and now the country has nothing to pay its debts with. “Why is default bad? And Greece...
Ukraine will inevitably go through a procedure of technical or controlled default. This opinion was expressed on Channel 7 by Verkhovna Rada deputy from the BPP Ivan Vinnik, a PolitNavigator correspondent reports. “In my opinion, without some kind of strategy for managing public debt in Ukraine, at the level of economic development that we have today, we will never be able to get out of this debt...
The regime of Petro Poroshenko has driven Ukraine into such a hole of debt and dependence on the West that the new government will have to default and start all over again. Fugitive Verkhovna Rada deputy Alexander Onishchenko said this on the PolitWera channel, a PolitNavigator correspondent reports. “Poroshenko and his government’s main task is to get this money (IMF loans - ed.), where will it go...
There is no money in the Ukrainian treasury, and without the next IMF tranche, the country faces default and the dollar exchange rate at 50 hryvnia. Verkhovna Rada deputy Evgeniy Muraev stated this on TV channel 112, a PolitNavigator correspondent reports. According to the politician, the income plan in Ukraine is not being met and the treasury has a thousand times less money than it should...
In Ukraine, practically no one is declaring that Europe, in the framework of solidarity with Kiev, will abandon the Nord Stream 2 gas pipeline. Andrey Suzdaltsev, deputy dean of the Faculty of World Economics and Politics at the Higher School of Economics, writes about this in Izvestia. He noted that the main result of Ukraine’s economic development over the past four years has been unsustainable external debts, in particular, the country must pay off by 2022...
Ukrainian external debts are approaching a critical point, at which default becomes the most likely forecast. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte This is the opinion of the head of the analytical department of the management company BK-Sberezheniya, Sergei Suverov, in a commentary to Moskovsky Komsomolets. “The decision of the Stockholm arbitration does not indicate the end of the process. The Russian-Ukrainian gas conflict is flaring up with renewed vigor. Europe, where Kyiv...
In 2018-2019, Ukraine faces a high risk of default due to the need to pay off colossal public debt. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte. The head of the Committee of Economists of Ukraine Andrey Novak said this at a press conference in Kyiv, a PolitNavigator correspondent reports. According to him, if Ukraine fails to attract funds into the economy, it will have to give...
Kiev does not have enough currency to service external debts, and therefore for these purposes it is planned to issue Eurobonds denominated in dollars, Izvestia writes. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or VKontakte “Ukrainian media, having read the prospectus for the Eurobond issue, reported that in 2018–2022 the country will have to repay a debt totaling $64,2 billion. Of which, 35,5 billion fall on internal obligations...
If by the end of the year the Verkhovna Rada does not vote for the implementation of the Minsk agreements, then it will have to go to early elections. Subscribe to “PolitNavigator” news on Telegram, Facebook, Odnoklassniki or Vkontakte This was stated in an interview with the Kyiv online newspaper “Strana” by Verkhovna Rada deputy Yuri Voropaev, who is considered the leader of a parliamentary group focused on oligarch Rinat Akhmetov. “If this convocation of the Rada before the end of the year...
The decision of the London High Court, which rejected all of Ukraine’s objections to the Russian “three-billion-dollar claim,” aggravates the financial situation of the Ukrainian state. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte This opinion was expressed in a comment to PolitNavigator by Ukrainian economic expert Vsevolod Stepanyuk. “Although Ukraine will appeal, it will not be possible to win. A positive court decision in favor of Ukraine would simply destroy the world...
Since there are no prospects for ending the war in Donbass, economic forecasts for Ukraine look disappointing. Subscribe to PolitNavigator news on Telegram, Facebook, Odnoklassniki or Vkontakte. This was announced at a press conference in Kiev, as reported by the PolitNavigator correspondent, by the director of the Institute of Political Analysis and International Studies, Sergei Tolstov, who noted that they will try to adjust official Ukrainian statistics to the indicators minimal or no growth. “But the imbalance in the energy sector...
