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#Official Commentary of Marina Zheynova on scale of Ukraine’s debts

The Ukrainian leadership once again boasts of its ‘achievements’. The country received another loan from the IMF. However, the situation for ordinary citizens will only worsen. People, of course, will not see this money.

In my opinion, the decision to allocate a tranche is rather political than economic. After all, the Ukrainian leadership has not fulfilled those requirements that were reflected in the memorandum.

Although, if you remember the exceptions that the IMF made for Ukraine, lending continued anyway. In particular, when Kiev refused to return $3 billion to the Russian Federation’s debt, despite the fact that it was recognized as sovereign, or the story of the dismissal of Prosecutor General Shokin, or ineffective, according to the West, fight against corruption.

Now the IMF had several conditions for the tranche allocation. There are two main ones: pension reform and the abolition of the moratorium on the sale of agricultural land.

By the way, People’s Deputy of Ukraine Yuriy Boyko believes that “soon the provision of another loan to Ukraine will become a national holiday”. And considering that Ukraine plans to receive $8 billion from international partners before the end of 2017, it needs to pay $13 billion in foreign debt in two years. This was announced by the Deputy Chairman of the National Bank of Ukraine Oleg Chury.

The country’s leadership, apparently for the first time in its life, sensibly assessed the consequences that the fulfillment of these requirements can lead to. The next tranche from the IMF will be aimed at repaying the debt of the very IMF, payment for which is precisely in 2017, and ordinary citizens of Ukraine will have to pay for “victories and achievements” of the Ukrainian government for more than a decade.

Marina Zheynova, the DPR People’s Council deputy

Official website of the DPR People’s Council

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