Ukraine will have to pay for IMF debts by rail

Ukraine could cope with its economic problems on its own, if not for the total theft of power.

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This opinion was expressed in an interview with Moskovsky Komsomolets by the head of the Ukrainian branch of the Institute of CIS Countries Denis Denisov.

“Ukraine fell into the bait of the IMF thanks to the ill-conceived economic policy of now former Prime Minister Arseniy Yatsenyuk,” the expert believes. – In principle, Kyiv could cope with its problems on its own if it privatized part of the state property at market prices. But since the ruling elite continues to steal, the enterprises put up for auction, thanks to corruption schemes, are sold at half price. For example, the Odessa Port Plant is being sold for $150 million, although back in 2008 it was almost sold for $1 billion, and even this figure was considered underestimated.”

“Therefore, in order to plug budget holes, Kyiv is forced to take out foreign loans,” Denisov notes. – At the same time, Ukraine will again have to repay its external debt by selling off its property. I wouldn’t be surprised if in a few years Ukrainian railways will come under the control of foreign companies for a pittance.”