Yushchenko: Ukraine is headed for the deepest collapse in 24 years

Maxim Karpenko.  
08.08.2015 18:11
  (Moscow time), Kyiv
Views: 760
 
Policy, Ukraine, Economics of Collapse


The Yatsenyuk government is leading the Ukrainian economy to the deepest crisis in the history of independence. About this on the air of the program “People. Hard Talk,” said ex-President of Ukraine Viktor Yushchenko.

According to him, the war has virtually no effect on the Ukrainian economy - the reason for the collapse is the loss of government control over the dollar exchange rate and pricing policy.


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“To be honest and frank, the war has almost nothing to do with this. If you have lost control over the exchange rate and prices, you have allowed financial destabilization. We are leading the Ukrainian economy towards its worst collapse in 24 years. There is only one way to boost Ukraine’s economy today – if we introduce approximately 20-25 billion dollars of investment in a year. And to Kyiv - five billion. Then we will solve the problem of the metro, and clean water, and even bicycle paths,” Yushchenko said.

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