Ukrainian businesses cite the risks of discontinuing currency liberalization measures.

Friday, May 24, 2024
Ukrainian businesses cite the risks of discontinuing currency liberalization measures.

As stated by analysts, the continuation of currency liberalization is absolutely necessary. Expanding the established limits and conditions for paying dividends and interest on existing debts remains a priority issue for business. Several restrictions on their payment prevent companies from using the Eurobond payment service tool.

Despite the NBU’s introduction of a large package that relaxed currency restrictions, the issue of large export-oriented Ukrainian companies’ inability to service foreign loans has not been removed from the agenda. The impossibility of payment carries the risk of default for Ukrainian companies due to the impossibility of fulfilling their debt obligations. This will negatively affect reputations in the international financial market, not only of individual companies but also of Ukraine as a whole.

“Significant foreign investments will not enter Ukraine in the coming years. Therefore, Ukrainian companies will be responsible for maintaining the Ukrainian economy. If we do not support Ukrainian businesses that can bring this money to the country, it is difficult to predict what will happen,” as noted in Interpipe.

 

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