#Commentary of Vladimir Bidyovka on reasons for hryvna’s collapse in Ukraine

Ukrainian economists expect that in the near future the dollar will jump to UAH 27, which, in turn, will entail a price increase of at least 12%. It is also forecasted that the devaluation of the Ukrainian national currency, observed in recent weeks, will lead to acceleration in the inflation rate.

Experts explain this by the fact that in September, the period of active payments on loans, preparation for the heating season and other reasons, far from real, begins. But in fact, the reason, of course, is different: the Ukrainian economy is stagnating, and no radical decisions are being made to change the situation. On the contrary, it seems that the Ukrainian authorities are satisfied with the situation when “the worse, the better.”

The first batch of American steam coal has arrived at the Black Sea port of Yuzhny. The very one that, due to the transport blockade unleashed by Ukraine, was decided to be bought from abroad for an exorbitant price compared to the cost of “black gold” from the Donbass. In addition, due to the blockade, Ukraine for eight months reduced steel exports by 21%, and there are many such examples.

The government of the country has only one solution: another external loan. Groisman is going to meet with IMF representatives on this occasion.

Will Ukrainian citizens realize how much it costs and now will cost everyone, including babies, such a poor management of their country?

Vladimir Bidyovka, the DPR People’s Council deputy

Official website of the DPR People’s Council

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