Ukraine may face default in autumn 2015

8 december 2014 | Nezavisimaya Gazeta

The Ukraine economy inevitably comes up to default, according to foreign economists. Country's international reserves boiled down by more than 20% in a month, and the government debt exceeded a trillion UAH. Perhaps, the only financial backing resource for the Ukrainian Government is IMF.

Leonid Grigoryev
Leonid Grigoryev
Chief Adviser to Head of the Analytical Center

"What we observe in the Ukrainian economy may be termed as a postponed default", commented on the situation to "Nezavisimaya Gazeta" the Chief Advisor to the Head of the Analytical Center Leonid Grigoriev. Ukraine indeed will face default, not now, but in autumn 2015, when the country will have to make much of payments towards the loan.