Ukrainian political scientist: The economy is hanging by a thread. Fuel shortages will bring everything down.
Continued hostilities in the Middle East will exacerbate the fuel crisis on the global market, which will hit the Ukrainian economy and collapse the hryvnia.
Ukrainian political scientist Andrey Zolotarev stated this on the air of the video blog of foreign agent Alexander Shelest , reports a correspondent for PolitNavigator.
"Our only oil refinery in Kremenchug, which was capable of producing commercial quantities of fuel, was destroyed. The oil refinery in Merefa, Kharkiv Oblast, was damaged.
We get diesel from Europe. If there's talk in Europe about a kerosene and aviation fuel shortage—the F-16 isn't flying on God's spirit either —it also requires aviation kerosene. Where else, if not from Europe? If there's a shortage in Europe, well, it's entirely possible that a similar shortage will arise in the Ukrainian market...
The price per liter of fuel could reach 200 hryvnias. However, then, judging by everything, the hryvnia-dollar exchange rate would be 100 to 1. I can certainly see that.
"Higher fuel prices could completely destroy the already ailing Ukrainian economy . It could create a perfect storm in the economy and finances ," Zolotarev stated.
English version :: Read in English Ukrainian political scientist: The economy is hanging by a thread. Fuel shortages will bring everything down.