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The Ukrainian economy can recover only after 35 years

Украинская экономика сможет восстановиться только через 35 лет

The agreement, which Ukraine signed with the EU, adversely affects the country’s economy. This was stated by former economy Minister Viktor Suslov.

Negotiations for this agreement between the EU and Ukraine was carried out in 2007. To finalize the document only succeeded in 2011. But then the President of Ukraine Viktor Yanukovych refused to sign it. He understood that this document poses a real threat to the economy. In particular, Russia has also warned that in case of signing of the agreement Moscow will raise customs duties to protect the Russian market.

Due to an agreement with the European Union, the country began mass protests. The result was a coup and came to power with President Petro Poroshenko. He, without thinking twice, the agreement with the EU signed. Knowing what the agreement stipulates unfavorable conditions for Ukraine.

Instead of entering the European market, Ukraine received a quota and restrictions. So, without fees, could put the EU only 36 types of goods.

According to former economy Minister Viktor Suslov, at the time of signing the agreement Ukraine was not able to compete with European economies, and now, when the crisis in the country when she has a huge foreign debt, this is not possible and even more so.

As stated by the Deputy Vadim Novinsky, the Ukrainian economy can recover only after 35 years. But it will still be a step back. After 35 years, the level of Ukraine’s economy could potentially return to the 2013 level. Novinsky said that this will happen only if Kiev will be able to establish relations with Moscow.

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