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Thursday, October 27, 2016

Expert: Ukraine is waiting for the lingering economic crisis

It is unknown how and when Ukraine will overcome the protracted economic crisis which lasts in the country to this day. In the first half of 2016, the budget deficit of the country increased by 40 times is $ 1.3 billion.

These are the data announced by the analyst of the company “ALOR Broker” Kirill Yakovenko, reports “Lenta.<url>.

“Out of the crisis, the country did not come out and no one knows when will be released. Even the resumption of trade relations with Russia in the previous scale will not solve all its problems,” — said the expert.

“Loss of 1.5 billion dollars — a drop in the bucket of the financial problems of Ukraine”, — he noted, adding that in 2015 the economy suffered a shortfall of $ 11.5 billion from a reduction in trade with Russia.

In addition, one of the most important problems of Ukraine’s growing foreign debt, which grew to almost $ 70 billion and exceeded 80 percent of GDP.

We will remind, the Minister of economic development of Ukraine Nataliya Mykolska announced Wednesday that by the end of 2016 the economic losses of Ukraine from trade restrictions from the Russian Federation and tightening transit rules will amount to almost $ 1.5 billion.



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