The Ukrainian economy is collapsing faster than the West can provide the necessary assistance, Minsk agreement and the Declaration of the cease-fire will not solve issues of Kyiv, writes.
To deal with the economic difficulties Ukraine prevents not only the conflict in the Donbass and spending on a special operation, but still inefficient and corrupt authorities. Across the country and in the Eastern part and Western - closed enterprises and banks, businessmen stop their activity, Thousands of people remain without work.
So, Maresca glass Company, working since 1896 has stopped the work due to the fact that her main oven is out of order, and in addition, can no longer obtain raw materials from the Crimea. Thousands of workers in the largest rocket and space group Ukraine "Yuzhmash" placed on administrative leave without pay since the company no longer receives requests from its main client - Russia, tells the magazine.
this week, the IMF said about the fact that he is ready to make wider the present program of financial aid Fund 17, 5 billion dollars. Anyhow Ukraine needs at least another $ 40 billion, with lack of which it will face in the next four years, writes NYT referring to specialists. However, this amount is not absorbed funds that must be spent on the repair or replacement are in a bad state mines and factories. Before they existed or through contracts with Russia, or by grants of the country, which will be no more.
UAH is falling, and inflation increases. The state government started an aggressive campaign to liberalize the economy. At the same time the current Ukrainian authorities relentlessly blame the fact that they do not have the ability to quickly implement the necessary structural economic reforms, which in the country continue to flourish bureaucracy and corruption, highlights magazine.
When ordinary people become poorer and their optimism about the new government and reform, which was noticeable in the past year decreased significantly. Prices are rising so fast that people stop buy not only meat, but also vegetables and fruits.