Ukraine is losing $3B a month due to the Russian crisis.

Tuesday, February 22, 2022
Ukraine is losing $3B a month due to the Russian crisis.

 Due to the threat of escalation from Russia, Ukraine is losing between $2B to 3B a month resulting from the cessation of investment and additional inflation, reported rbc.ua. “We see irreversible losses due to suspended investments, additional inflation, losses in the tourism sector, a reduction in air traffic, and some other factors,” said Deputy Head of the Presidential Office, Rostislav Shurma. In addition, he noted, there is still speculative pressure on financial markets, which blocks borrowing and pushes the exchange rate. Shurma estimates speculative pressure on the foreign exchange market at about $1.5-$2B. Nevertheless, according to Shurma, a financial “cushion” of $4-$5B should be enough to continue planned government programs and attract resources for development.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Ukraine's dollar-denominated Eurobond prices fell again amid

Ukraine's dollar-denominated Eurobond prices fell again amid

Next post
Naftogaz is demanding $10B in compensation from Russia

Naftogaz is demanding $10B in compensation from Russia

Previous Main Topics