Monday, April 20, 2015

Greater part of remittances sent by Ukrainian guest workers from Russia, exceeding IMF loans

Data from the central bank NBU show that over the last five years Ukrainian guest workers have transferred more than $34 billion to their families in this country. Importantly, the greater part of remittances (36%) was sent from Russia last year.

It is worth noting too that the total amount of remittances exceeds greatly the total amount of loans, which Ukraine received from the International Monetary Fund over the same period of five years.

According to parliamentary opposition leader Yuri Boiko, the puppet government of Ukraine has become a mere appendage to the faulty fund. He thinks the IMF shock therapy mafia is destroying the real sector of the economy, small and mid-sized businesses.

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