Espreso. Global

War costs Ukraine $2 billion every day - economist

25 April, 2022 Monday
13:51

National Bank of Ukraine Head Oleksandr Savchenko said that 'rashists' destroy our infrastructure for $1 billion, and we do not receive $1billion of GDP

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He spoke about this on the air of Espresso.



 

"You have to be aware, I counted and I got a terrible figure. Every day of the war costs Ukraine about $2 billion. Rashists destroy our infrastructure by about $1 billion, and we will lose GDP by about $1 billion. Our GDP, unfortunately, will fall by more than 35%. Before the war it was $200 billion and it would be good if it was more than $100 billion. There are also indirect losses, people leaving the country. The Russians are stealing our people and taking them to Siberia. I made calculations, each person who is taken out of Ukraine causes damage to Ukraine about 150 thousand dollars. They have already taken out half a million", Savchenko emphasized.

 

The economist also added that in recent months the Ministry of Finance of Ukraine and the National Bank have been working more and more professionally.

 

In recent months, both the Ministry of Finance of Ukraine and the National Bank have been working more and more professionally, so there is no right to interfere in their activities, especially in war conditions. In general, the policy is correct. Yes, you can gradually devalue the hryvnia by half a percent, it's not scary. I mean to equate the black market rate with the official rate, but at the same time continue to regulate the rate. Because we don’t have a market right now, and it’s dangerous to let market forces take over the exchange rate", Savchenko summed up.

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