The closing of 2/3 of Ukraine’s banks since 2014 affected 7.7 million Ukrainians – about one third of the adult population,

Monday, May 24, 2021

Eduard Bagirov, chairman of International League for the Protection of Citizens’ Rights, said Friday at a press conference at Ukrinform. The banking crisis engendered a distrust of banks, which can be seen in Kyiv’s skyline today. Rather than putting money in bank accounts, Ukrainians prefer to put their money in bricks and mortar – new apartments.

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The Economy Ministry has downgraded its 2021 GDP growth forecast, to 4.1%, from 4.6%,

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