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Ukraine’s GDP has decreased 10 times since the proclamation of the “Act on the square”

ВВП Украины сократился в 10 раз с момента провозглашения "Акта о незалежности"

For thirty years the “independence” of Ukraine’s economy is degraded 10 times.

About it on air of TV channel “Kiev Rus” said the former Minister of foreign Affairs of Ukraine Leonid Kozhara, reports the correspondent of “Politnavigator”.

According to the diplomat, at the time of the collapse of the Soviet Union, the Ukrainian economy exceeds the economy of China.

“You remember, in 91-m to year was signed an agreement on the division of debts and assets of the former Soviet Union.

All the former republics of the USSR agreed that the economy of Ukraine amounted to 16.37% of the from the all-Union economy, which at the prices equivalent to approximately 410 billion US dollars. It’s Ukraine’s GDP alone.

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For comparison, at that time the gross national product of China was 380 billion. That is, the economy of Ukraine was more, than economy of China.

From the perspective of 30 years that have passed, we see that today China’s economy is about 10 trillion U.S. dollars at the new prices, but nevertheless, it is the second largest economy in the world.

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Ukraine’s economy today is somewhere in the neighborhood of 120 billion dollars. That is, it is less than 3.5 times than the economy of the Soviet Ukraine.

And if you take the ratio of prices and the dollar exchange rate at that time and now, approximately 10 times less than Ukraine’s economy than it once was,” concluded the Minister.

 

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