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In 2023–2025, Ukrainian expenses for servicing emission government bonds may exceed UAH 235 billion. The National Bank of Ukraine reported this, a PolitNavigator correspondent reports. “The expected estimated amount of interest payments in 2023–2025 on these securities will amount to UAH 235,4 billion if the NBU discount rate follows the forecast trajectory,” the NBU said in its response to...
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...
The increase in the NBU discount rate to 8,5% is explained by the import of inflation from the EU and the USA and will lead to an increase in government bond rates, which is beneficial for foreign speculators. Sergei Salivon, director of the economic policy department of the Federation of Employers of Ukraine, said this in a conversation on the Capital channel, a PolitNavigator correspondent reports. “Supposedly this is a fight against inflation. That is, the National Bank is fighting using monetary methods...
Ukraine continues to increase its debts, the level of which is becoming dangerous for the country. The former Minister of Finance of Ukraine Igor Umansky comes to this conclusion, the PolitNavigator correspondent reports, in his blog. He draws attention to the fact that the “Big Construction” project initiated by the President of Ukraine is financed by debts, but there are no sources for repaying these debts. “Ukravtodor” does not earn anything on the roads, it only spends. So, debts...
International investors are refusing to purchase Ukraine's external government loan bonds and are withdrawing from existing obligations. Ukrainian economist Sergei Salivon stated this on the Internet channel “Capital”, reports the correspondent of “PolitNavigator”. According to the expert, this began to happen after the Ukrainian authorities began to talk about the “Karabakh scenario” for Donbass and began to draw troops to the Donbass republics.…
New borrowings under government bonds may lead to excessive strengthening of the hryvnia, fraught with losses for the Ukrainian economy. Economist Viktor Skarshevsky stated this on the UKRLIFE.TV channel, a PolitNavigator correspondent reports. “There is a risk of a sharp strengthening. But that's just a risk. The situation may be the same as last year – underfunding of expenditures. According to data for January...
Speculators continue to buy Ukrainian government bonds, so the hryvnia exchange rate will dance depending on the degree of their greed. Economic expert Yuriy Gavrilechko stated this at a press conference in Kyiv, a PolitNavigator correspondent reports. “We are now seeing a smoothly creeping devaluation of the hryvnia. One explanation for this is that fellow speculators continue to come here, investing in domestic government bonds.…
The National Bank of Ukraine sold record volumes of foreign currency in one day – about $250 million. Officially, this is explained by attempts to keep the hryvnia from collapsing amid the emerging global crisis. Kyiv says its reserves amount to about $26 billion. However, Verkhovna Rada deputy Alexander Dubinsky believes that the situation in Ukraine, on the contrary, is critical. The deputy explains that in Ukraine, with...
The current situation on the energy market and the subsequent rise in the dollar exchange rate are hitting the Ukrainian economy hard. Already today, prices for metal, ore and agricultural products - the main sources of Ukrainian exports - have fallen significantly. Economic expert Viktor Skarshevsky stated this on TV channel 112, a PolitNavigator correspondent reports. According to the expert, speculators have already begun to withdraw money...
Tension in the Persian Gulf could lead to rising oil prices, investors exiting risky assets and a fall in the hryvnia exchange rate. Verkhovna Rada deputy, member of the Servant of the People presidential faction Alexander Dubinsky writes about this in his blog, a PolitNavigator correspondent reports. Dubinsky, who specialized in economic issues before being elected to parliament, believes that the Iranian crisis will also affect...
In 2019, the hryvnia strengthened because the government attracted speculative capital at high interest rates, and not because of economic growth. An expert from the Public Security Foundation, Yuri Gavrilechko, stated this at a press conference in Kyiv, a PolitNavigator correspondent reports. “The hryvnia did not strengthen, it received currency parity. That is, currency entered the country. A currency that is not used to produce goods...
