Saturday, April 18, 2015

In the last analysis Ukraine’s economy in a state of paralysis

By Vladimir V. Sytin
The Ukrainian Times

Official data show that 25% of industry has shut down in Ukraine and every tenth enterprise has been destroyed. Industrial output decreased by 20% in January, compared with the same period last year.

The loss of foreign markets has paralyzed the machine building industry in this country.

Over the course of 12 months the grivna has depreciated to a third of the dollar. It is a waste of time to try to analyze the financial policy of the puppet government of Ukraine. You are likely to find an ice cube in the Sahara as any trace of validity or sense in this policy.

According to Alexander Okhrimenko, president of the Ukrainian Analytical Center, 40% of the employable population, chiefly teachers and public servants, will swell the ranks of the unemployed this year.

So, negative news is coming in like drone attacks. Today the neo-Nazi junta in Kiev expends daily more than $5 million on a criminal war against heroic defenders of the Donetsk and Lugansk People’s Republics, or Novorossia (New Russia).

Alas, the drama continues.

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