Ukraine’s macroeconomic situation and banking system stable, PM Shmyhal assures

Ukraine’s macroeconomic situation and banking system stable, PM Shmyhal assures

Despite the full-scale war of the Russian Federation against Ukraine and the loss of about 30% of the economy as many enterprises have been closed or destroyed, Ukraine’s macroeconomic situation and the banking system are stable.

"As of today, despite the active full-scale war, despite the loss of about 30% of the economy due to the shutdown of enterprises, the destruction of the largest steel and chemical plants in eastern Ukraine, we have a stable macroeconomic situation and banking system," Prime Minister Denys Shmyhal said in an interview with RBC-Ukraine.

As noted, currently there are no panic sentiments either among investors operating in Ukraine or among the people who hold deposits in banks and are confident in the Ukrainian banking system.

"I am grateful to the Ukrainians for that. The world is surprised, sometimes even shocked by such a patriotic attitude of Ukrainians to their economy, trust in the banking system and the fact that we allowed neither to ruin nor to shatter it," Shmyhal added.

As reported, in March-April 2022, the Ministry of Finance of Ukraine attracted UAH 135 billion to the state budget raised from the issuance of war bonds.


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