Kiev admitted that Ukraine is several decades behind Russia

Vladimir Gladkov.  
11.03.2019 15:06
  (Moscow time), Kyiv
Views: 4674
 
Russia, Ukraine, Economy


Ukraine is increasingly turning into a raw agricultural appendage of the European Union and has still not recovered from the 2008 crisis.

Ukrainian economist Viktor Skarshevsky said this on the YouTube channel “PolitWera”, the correspondent of “PolitNavigator” reports.

Ukraine is increasingly turning into a raw agricultural appendage of the European Union and is still...

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“If we count how many years we actually need, at the current growth rate, to reach Poland’s current level, it will not be 50, but 43 years. And in order to reach the level of Russia in terms of GDP per capita, we need a little more than 30 years. That is, the Ukrainian economy collapsed very badly after two crises. The first was in 2008-2009, the Ukrainian economy then fell and never recovered.

It began to recover a little, but then the crisis of 2014-2015 hit, when the economy sank by almost 17 percent. Now we are gradually recovering again, but this cannot even be called growth, because this is a simple recovery. And the recovery is not happening because the appropriate economic policy is being pursued, but because external conditions are very favorable: prices for metal, ore, and grain have begun to rise,” the expert noted.

He also drew attention to the fact that the European Bank for Reconstruction and Development and the World Bank do not lend to Ukrainian industry, but to sectors related to agriculture.

“To make it easier and cheaper to export agricultural raw materials from Ukraine. Figuratively speaking, this is their main purpose, because Ukraine is increasingly turning into an agricultural appendage of Europe, and of the rest of the world as well,” summed up Skarshevsky.

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