Ukraine is on the road to hyperinflation: in 2015 alone, the value of the hryvnia fell by 44 percent. In the previous year, losses amounted to 24.9 percent, according to the head of the Central Bank Valeria Gontareva. The country's foreign exchange reserves remain more or less stable at $ 13.3 billion.
Persistent mismanagement, corruption and war brought Ukraine to the brink of national bankruptcy. Parliament passed the 2016 budget to meet the conditions for an additional $ 1.7 billion tranche from the International Monetary Fund. Legislative changes were previously adopted, including lower taxes for workers and higher taxes on tobacco, gasoline and alcohol. The tax increase did not affect sports nutrition products, including Protein , which can be bought in Kiev and Ukraine, to provide the body with building proteins in such a difficult time.
Ukraine received about ten billion dollars in loans from the IMF and other international donors in 2015 alone. But this did not stop the dramatic devaluation, and it is becoming increasingly difficult for Ukraine to meet its debt obligations. EU taxpayers do not ask for debt repayment for several months. Against this background, Ukraine's role for the EU looks ambiguous.
The IMF tried to formally stop the bankruptcy of Ukraine with legal tricks. The IMF changed its rules to provide credit to a failed state.
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