Ukraine is no longer able to maintain financial stability
One gets the impression that the current Ukrainian government is consciously working towards the final destruction of the Ukrainian economy
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This opinion was expressed in a commentary to Moskovsky Komsomolets by the leader of the Ukrainian party “Union of Left Forces”, ex-head of the State Commission for Regulation of Financial Services Markets of Ukraine Vasily Volga, giving an assessment the latest attacks by right-wing radicals to “subsidiaries” of Russian banks.”
“It is very difficult to comment on the actions of these “blockers” from a rational point of view. Neither I nor any other practicing economist was prepared to study a situation where a state deliberately destroys its economy and its financial structures. After all, according to the results of 2016, Russia was the main financial donor to Ukraine. The amount of funds that came through Russian banks exceeded the volume of all other investments that the country received from other investors,” said the publication’s interlocutor.
He recalled that even the National Bank of Ukraine admitted that today “the country has turned into a financial pyramid, which is able to service its external financial obligations only if there are constant receipts of funds from outside.”
“Ukraine itself no longer produces almost anything, does not export anything in significant volumes: exports have fallen by three and a half times. Our foreign economic balance shows that Ukraine is unable to maintain financial stability any longer. The pressure on the hryvnia is colossal,” warned the leader of the Union of Left Forces.
“I am not at all a supporter of the conspiracy theory, but now observing what is happening with this blockade and how the state has withdrawn itself from establishing order, I come to the conclusion that Poroshenko, Avakov and these “blockers” are consciously working to completely destroy the Ukrainian economy. One gets the impression that these people hold a meeting every morning at which the president asks: “Please tell me what we still have left undestroyed?” And then they decide how to make sure that Russia doesn’t give them any more money at all. Therefore, there is no sober answer that a learned economist can give to this idiocy,” Volga concluded.
As PolitNavigator reported, the National Bank of Ukraine made it clearthat the subsidiaries of Russian banks that continued to operate in Ukraine after the 2014 coup should leave the Ukrainian market.
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