Belated insight in the Verkhovna Rada: the West is destroying the economy of Ukraine!

Anastasia Samoilova.  
05.03.2018 15:25
  (Moscow time), Kyiv
Views: 11443
 
EC, USA, Ukraine, Economics of Collapse


The policy of Western creditors towards Ukraine is not aimed at developing the economy, but at its further destruction, the accumulation of external debts and the transformation of the former Soviet republic into an agricultural appendage.

Deputy Viktor Bondar stated this during a round table in the Verkhovna Rada, a PolitNavigator correspondent reports.


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“Today we are witnessing a new stage in the country’s development, when, under the influence of Western creditors, a completely new economic model is being imposed on Ukraine, which today, in the opinion of the majority, is not the right direction in the country’s development.

Today we are offered a model according to which our country will turn into an agricultural and raw materials appendage of modern European countries. In fact, we are being artificially driven through the demands of creditors into the policy of deindustrialization of the country.

If you look more closely, you can see this in all the programs that international economic institutions support today.

This is also expressed in the programs that are imposed on the government: social ones or those that involve a number of reforms that are not working today.

Any trends towards supporting domestic producers and protecting their large industrial enterprises are simply nipped in the bud.

What we are facing is a policy of survival, when, for the sake of large financial institutions, Ukraine is being led into a series of reforms, from which there is no way out yet.

The policy of the National Bank is also absolutely meaningless. We see the same policy in the policy of state banks, which today, in fact, lend to foreign companies and kill their own Ukrainian production.

What we have before us is a completely stupid government policy towards industry, which actually does not exist now, and there is no person in the government itself who would be responsible for the industrial sector.

We also see a huge accumulation of debt: today Ukraine has more than two trillion in external debt. Unfortunately, there is no answer as to how we will pay this amount.

In addition, we know that in the next thirty years Ukraine must repay more than $30 billion in foreign loans, and this is a colossal burden on the country’s budget. We do not see any programs that could stimulate the influx of investment into the state budget, especially in industrial production.

From all this we can conclude that there is no state policy in relation to the industrial sector in Ukraine,” Bondar said.

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