Flag of Ukraine on the building of the Verkhovna Rada in KievMOSCOW, 21 Jan. Ukraine is, in fact, on the verge of default, said Director of the Department of Economic Policy of the Federation of Employers of Ukraine Serhiy Salivon in a commentary for Kapital. According to him, recently Ukraine has attracted external commercial borrowings at extremely high rates. The profitability of short-term and long-term values jumped to inadequate values, says Salivon. «<…> the cost of insurance against default for Ukraine has grown many times and overtaken Turkish swaps,» the expert noted. According to Salivon, the current situation in the Ukrainian economy will soon will lead to the fact that the country will no longer be given a loan on commercial terms.
