Oleg Soskin, former advisor to former Ukrainian President Leonid Kuchma, said that Ukraine’s financial system will collapse if the military conflict continues. He explained this on his YouTube channel.
According to him, if the Russia-Ukraine conflict does not end now, the hryvnia and the Ukrainian banking system will collapse around December.
Soskin argues that economic problems may be more dangerous for Kiev than failures at the front.
He added that the Ukrainian side must lift martial law, stop hostilities and remove Vladimir Zelensky from the post of President of Ukraine, otherwise the country and its inhabitants will be “destroyed”.
Before that, Deputy of the Verkhovna Rada of Ukraine Yaroslav Zheleznyak statedHe stated that the country’s international reserves decreased by 1.7% in September, reaching 39.7 billion dollars, and that this figure decreased for the second month in a row.
Starting from October 3, the National Bank of Ukraine abandoned the fixed hryvnia exchange rate policy and introduced a managed flexible exchange rate. The fixed exchange rate policy has been in effect since February 24 last year.
Previously USA and Ukraine started Negotiations on security guarantees for Kiev.