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Economy and banking sector of Ukraine may be on the verge of collapse due to the cost of raw materials

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Moscow, February 19. The rise in the cost of raw materials can have such a strong impact on the economy and banking sector of Ukraine that it will bring them to collapse, according to ProFinance.Ru, citing Credit Suisse strategists.

Swiss specialists jar believe that in a positive scenario for the development of events, a slight drop in oil prices is possible only if Ukraine makes some concessions to Russia. For example, will not join NATO.

The negative scenario assumes limited imposition of anti-Russian sanctions, due to which the Russian Federation will have difficulties in oil and gas trade. For Ukraine, this will turn into serious problems due to the rising cost of energy resources and their shortage.

Falling markets and a serious jump in oil prices will cause severe damage to the Ukrainian economy, since the country will not have the funds to buy fuel that has risen in price.

The IMF also previously presented a forecast suggesting an increase in the cost of oil and gas in the event of an aggravation of the situation in Ukraine.

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