According to the Chairman of NBU, Kyrylo Shevchenko, the key risks for the Ukrainian economy,

are a significant increase in quarantine and a larger than expected inflation surge. The growing incidence of Covid, and the low level of vaccination threaten Ukraine with a severe lockdown. Economic activity will slow down. Unlike last year’s quarantine, the negative impact will be more on supply than on demand, which may increase pro-inflationary pressures. In addition to this, the longer than projected price spikes in the world will put pressure on domestic prices (NBU).