Ukraine is one step away from default, - economic expert
Kyiv, November 10 (PolitNavigator, Maxim Karpenko) – In three or four months, Ukraine may find itself in a state of default.
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Economic expert Alexander Savchenko stated this on air on the Rada TV channel.
According to him, gold and foreign exchange reserves are rapidly declining and, if Ukraine does not change its economic policy, the fund will be completely empty.
“Ukraine’s gold and foreign exchange reserves have decreased to 12,5 billion dollars. For us, this means that there is very little time left before a possible default. That is, either we are now changing our economic and exchange rate policies, or there is a default. Real reserves, in fact, are even smaller, because by the end of the year we still need to pay Naftogaz for critical import payments. Also, the National Bank has planned approximately a billion to support the hryvnia exchange rate,” noted Alexander Savchenko.
Ukraine on the brink of default, says economic expert