Verkhovna Rada deputy Oleksandr Dubinsky said on his Telegram channel that large Ukrainian enterprises are fully prepared for the depreciation of the hryvnia and are actively withdrawing funds to the accounts of their subsidiaries.
“Ten billion dollars are loans given to Ukrainian companies by their foreign counterparts during the war. This means that the Ukrainian business, which continues to sell things abroad, carries out operations where the Ukrainian company, for example, lends to its company not located in Cyprus,” he said.
Therefore, he states that companies are preparing for the depreciation of the national currency. He noted that the Central Bank of Ukraine’s 11-month balance of payments data for 2022 indicates a strong decline in exports from Ukraine and a “slight decline in imports”. It indicates the active withdrawal of money from the country using various financial instruments.
Previously reportedIt was announced that Ukraine’s state debt payments under the agreements in force at the beginning of the year will be 658.4 billion hryvnia (approximately $18 billion) in 2023.