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Refusal of Russian loans was called a big mistake in Ukraine

Bhavi Mandalia by Bhavi Mandalia
January 24, 2021
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Ukraine’s refusal to receive Russian loans is a big mistake. This opinion was expressed on the air of the NewsOne TV channel by the head of the Kharkiv city organization of the Opposition Platform – For Life party Andriy Lesik. RIA News…

He recalled that in 2013, Kiev received three billion dollars from Moscow and could receive another 12 without any conditions, “just pay interest.” Now Ukraine receives about the same money from the International Monetary Fund (IMF), but in return it is required to comply with a number of conditions, from gas prices to educational reform. “Their task is to destroy us,” he complained, noting that the country is under external control and is completely dependent on IMF loans.

On December 17, Bloomberg wrote that Ukraine should not hope for a tranche from the IMF and the implementation of the announced reforms due to the failed policy of President Volodymyr Zelensky. According to the agency’s observers, the head of Ukraine is losing the battle with the “muddy political system”, which he promised to reform after being elected to office. The visa-free regime with the European Union and flows of direct aid from European powers also remain under threat of annulment, observers stressed.

Earlier, the IMF refused to provide Ukraine with a tranche under the emergency financial assistance program. The Minister of Finance of Ukraine Sergey Marchenko said that Ukraine was given a clear answer that it was necessary to work within the framework of the current program and fulfill its conditions, and the issue of emergency assistance was not considered by the Fund.

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Bhavi Mandalia

Bhavi Mandalia

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