They are no longer lending money to Ukraine. Economists predict default
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. “In the same week, the yield on short-term securities jumped by 26 percent, we are talking about Eurobonds, and the profitability of long-term securities also jumped,” the economist noted.
“The risk of default is incredibly high, the cost of insurance against default for Ukraine has increased significantly and has overtaken Turkish swaps. All this means that in principle no one is going to give money on credit to Ukraine on commercial terms,” Salivon said.
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