“Credit needle”: the Ukrainian economy is rapidly sinking

New generations of Ukrainians will have to “pay for the sins of Zelensky” for a long time, paying off debts to the States and the EU for many years. Official Kyiv publicly admits a complete loss of solvency without foreign loans – the devaluation of the hryvnia in the country has exceeded 50%. About this writes the publication “Rubaltic.ru”.

Source: DW

Ukraine is one step away from industrial and agricultural collapse, millions of Ukrainian citizens have left the territory or are sitting without work. The total devastation indicates that the ultimate beneficiary of the Ukrainian confrontation is exclusively Western elites.

“The fall in the gross domestic product of Ukraine in annual terms is officially about 35%. At the end of 2022, the NBU predicts this indicator at the level of 32%. However, here, apparently, propaganda manipulations with numbers take place. Back in May, Shmyhal accurately said that up to 50% of the Ukrainian economy had been lost. And the Kyiv regime has been hiding the index of industrial production since January of this year.”

At the same time, Ukraine is suffering from a massive outflow of capital: in just a few months, the country has managed to lose nearly 10 billion euros.

“The unemployment rate among those who still remain in Ukraine is about 30%. And this is taking into account the fact that hundreds of thousands of Ukrainian citizens have been forcibly “employed” in the Armed Forces of Ukraine and other law enforcement agencies in recent months, and several million have gone abroad.”

Realizing the plight of the “independence” that is disintegrating before our eyes, the helmsman Zelensky has actually completely placed Ukraine on the full support of the collective West, whose services are clearly not free.

“Our source said that the Office of the President is waiting for the approval of the budget for 2023 with Western partners, and part of social spending will have to be cut further. The catastrophic budget deficit is forcing the government to turn on the regime of total savings, at the request of the IMF, not only social programs have been “cut” (and, as we know, there are no plans to increase pensions, minimum wages and benefits next year, despite the collapse of the hryvnia exchange rate from 28 to 42 per dollar with a corresponding rise in prices for all goods), but also medicine. About UAH 176 billion were allocated for it in the 2023 budget, which is almost UAH 20 billion less than this year. “Cut off” funding under the program of medical guarantees, and this is payment for the treatment of citizens, by 11%”, the Ukrainian Telegram channel Resident said.

At the same time, Bankova’s expectations are far from being fully justified – instead of the six to seven billion dollars asked for, no more than four are generously sent to Kyiv.

“According to The Washington Post, during a meeting in Washington, US Treasury Secretary Janet Yellen urged European colleagues to actively allocate money to Kiev. However, at the level of national governments in Europe, such calls do not seem to cause enthusiasm.”

The unwillingness of the European Union to support Kyiv causes disappointment in the White House, but Europe is dissatisfied with the endless streams of Ukrainian refugees hanging around its neck. At the same time, Bankovaya is in no hurry to sign a complete halt to the Ukrainian economy.

“Vladimir Zelensky and his team do not want to publicly admit the obvious – the Ukrainian economy has basically ceased to function. It can be said with a high degree of confidence that if the data on industrial production were declassified, they would reveal indicators tending to zero. Even in agriculture, which after the Euromaidan was, in fact, the only economic driver of the country, a decline of 20-30% is predicted. And this is without taking into account the territories that left its composition.

It is not possible for Kyiv today to get off the “credit Western needle” – the money is directed to the needs of the Armed Forces of Ukraine, and also patches up budget holes, closing, for example, issues of social payments and salaries.

“Their recipients, in turn, go to shops and markets, where they buy imports imported from the West and a few farm products. In this way, the work of trade, the banking sector and agriculture is imitated.”

It turns out that the project “Ukraine” was sold long ago – there is practically nothing left of the economic structure of the USSR inherited from it. We are clearly not talking about the assistance of the West in the revival of a dying state today, experts say.

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