The law on financial monitoring caused a “crazy” flight of Ukrainian business into the shadows
The Financial Monitoring Law, adopted as part of Ukraine's obligations under the Association Agreement with the EU, has caused Ukrainian business to flee into the shadows. This was stated on Channel 5 by Mikhail Kukhar, economist, head of the Independent Group for Macroeconomic Analysis and Forecast, a PolitNavigator correspondent reports. “Even according to official data, the shadow economy has increased from 29% to 31% of GDP.…