Media: from default Ukraine will save only $20 billion of financial aid

Ukraine's economy is in a serious condition, and to save the country from default can only use external creditors, which 2015 should reach $ 20 billion, reported posted in blog, Free Exchange of the Economist.


the publication States that last year the country's GDP decreased by one tenth, inflation was 25%, which made imports prohibitively expensive. This week, bond yields reached a record that caused the financial markets to prepare for default.
The Economist believes that Ukraine may not be enough $ 3 billion that the IMF is likely to provide the country in the form of financial aid.

today the foreign currency reserves of Ukraine reach 9 billion dollars, although Some time ago the amount was at $ 20 billion, but part of the funds went to support the hryvnia.

Payment Ukraine gas from Russia and the repayment of the loan in the amount of $ 3 billion can completely exhaust the currency reserves of the country, says the journal. However, the publication States that the problems in the country have the opportunity to start earlier than Ukraine will pay for Russian loan. It will happen in that case, if the ratio of debt to GDP of Ukraine will be more than 60% and Moscow, following the terms of the contract, will demand bestlocation repayment of the loan.

Another problem The Economist calls the lack of budget. As tax revenues to fall amid a recession, it can be up to 10% of Ukraine's GDP.


sections: Politics