Okhrimenko: after the default of Ukraine will be the world's pariah
Declaration of default in Ukraine may in most years to economically isolate the country, says the head of the Ukrainian analytical center.

Declaration of default in Ukraine may in most years to economically isolate the country, says the head of the Ukrainian analytical center.
Ukrainian economist emphasizes that we should not confuse the Default, which occurred in Russia in 1998, with the possible default of Ukraine in the Russian Federation first came the Default, then the collapse of the ruble, While at the same time in Ukraine, the situation in practice the opposite." we already After Maidan was de-facto a Default, and, as a result, the collapse of the hryvnia almost 275%. For this reason, if the Ministry of Finance and will officially declare a Default, then, most likely, has the ability to be very short-term growth rate, but not so critical and not so terrible ", - commented Alexander Okhrimenko. The real danger, according to his vision, is a different story.
Ukraine's economy After the default will face severe consequences, which will need to work for many years." Default Is official respect Ukraine a world pariah in the financial market for the next 5-10 years. About investments in General, you can forget, but It's not so bad. After the official default all non-resident banks will close all lines of credit in Ukrainian banks. This is true for the Ukrainian subsidiaries of foreign credit institutions. And That This means that even conventional foreign trade contact exports and imports will be blocked or will be seriously implemented, " - said the head of the Ukrainian analytical center.
Kiev does not stop trying to come to a consensus with creditors on the restructuring of public debt, but they are not willing to agree to the proposals of Ukraine, believing them to be unacceptable. Before the Ukrainian government has made it clear that in the absence of consent will declare a technical Default, in which lenders will lose all the invested funds.
over the past year and a half, And among them, in the end the military conflict in the Donbass, Ukraine found itself in a deep financial and economic crisis. Country recorded a sharp drop in GDP, a serious financial and budgetary difficulties.