Financial Catastrophe vs. Ukraine Economy

Financial Catastrophe vs. Ukraine Economy

20 октября 2008, 14:45
Общество
External Debt of Ukraine has reached $100 bln

VLADIVOSTOK. 20 October. VOSTOK-MEDIA. The Financial Times called Ukraine the most vulnerable country in the conditions of the financial crisis. External borrowings of Ukraine have comprised $100 bln. Next year Kiev will have to pay back $55-66 bln which is the issue of high importance for the vulnerable country. Analysts foresee a “high possibility of default in Ukraine”.
Meanwhile, the Standard & Poor’s has placed Ukrainian short- and long-term assets on the list with negative prognosis. This measure reflects less reliance on the country’s economy, depreciating of national currency and influence of these factors on assets in the financial sector of Ukraine which borrowed more than 35% of GDP.

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