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Russia withdraws USD 1.2 billion from Ukraine this year

    19 January 2021 Tuesday

    Ukrsotsbank financial analyst Tanteli Ratuvuheri told a round table on risks and threats of termination of economic cooperation with the Russian Federation.

    “Russia withdrew from Ukraine USD 1.1-1.2 billion in H1, 2014, which belonged to bank, insurance, investment sectors. This increases credit risks, since financial establishments of the Russian Federation in 2012 carried out the policy of rampant infusion of capitals into key industrial sectors of the Ukrainian economy,” he noted.

    The expert also noted that management of western financial and credit institutions, observing economic and policy rapprochement of Ukraine to the EU, suspended withdrawal of its banks from Ukraine. “Over recent two to three months, the increase of a share of foreign investments is observed in the balance of payments structure,” the analyst said.

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