Ukraine is already facing a third large-scale economic crisis

Igor Petrov.  
05.08.2019 21:17
  (Moscow time), Kyiv
Views: 2404
 
Society, Policy, Russia, Story of the day, Ukraine


Ukraine should urgently restore transport links with Russia and develop healthier economic policies in order to soften the blow of the next crisis and not completely turn into a colonial economy.

Economist Viktor Skarshevsky stated this on air on the 112 Ukraine TV channel, a PolitNavigator correspondent reports.

Ukraine should urgently restore transport links with Russia and develop healthier economic policies...

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“If we completely stop all transport links with Russia, with the annexed Crimea, then let’s give up Russian coal, which we import more and more every year, then let’s give up the transit of Russian gas through the territory of Ukraine, then let’s give up fuel rods and close NPP.

So there's a double standard here. Everything that disturbs Ukrainian citizens must be removed. The same applies to direct flights between Kiev and Moscow,” Skarshevsky insists.

Ukraine is becoming an agricultural country, and if this continues, it will be increasingly vulnerable to global fluctuations in commodity prices.

“Now Ukraine has actually turned into an agrarian poor country of the colonial type. We produce raw materials, sell raw materials including labor. And we buy finished products.

Do we want reforms within the framework of this economic model or do we want to have high-tech enterprises and products?

I don't see this yet. While there is no coalition agreement, there is no government action program.

If we remain such an economy, then in a year, a maximum of a year and a half, there will be a very powerful economic crisis in Ukraine because we depend on the prices of raw materials, and within 9-12 months they will begin to go down sharply - raw materials cycles will go down in the coming year.

And we may find ourselves in the situation of 2008, 2014-2015,” warns Viktor Skarshevsky.

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