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14 February
, 2012,04:46


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News / 22 April 2005 | 09:30

Ukraine will face "financial explosion"


In the interview to ForUm’s correspondent Valery Konovaluk, the people’s deputy, pointed out that "decrease in the exchange-value of the dollar happened due to interference of external financial companies and consultants in internal business of Ukraine".

"Hryvnia’s revaluation will cause the loss of export-economical potential and will affect the main industries which are concentrated at the south-east of the country," considers Kovaluk.

"The government has a wish to force people to sell currency. Emissive money will be printed, with the help of which the currency will be redeemed from people. But this situation will not last for a long. Then Ukraine will face a financial explosion, and neither Stelmakh, nor the whole National Bank will be able to hold it. And ordinary citizens will suffer most of all," Kovaluk summed up.
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13:19 In Davos, President Viktor Yanukovych took part in a World Economic Forum session “New Energy Architecture: Enabling an effective transition.”
10:10 In Davos, President Viktor Yanukovych took part in a session of the World Economic Forum titled "Energy for Economic Growth.” During the session, President Yanukovych brought up the issue of energy security of Ukraine, and told about the implementation of new technologies to use alternative and unconventional energy sources in our country.

24 January 2012
13:48 A Ukrainian delegation has left for Washington to hold talks with the International Monetary Fund (IMF), Ukrainian Finance Ministry spokesperson Viktor Kosarchuk has said.

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