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Deputy Governor Sergiy Nikolaychuk told CNBC that international aid is a very important factor in Ukraine's economic resistance as the war continues and that Kyiv was concerned about future aid. "We have a lot of concerns regarding the future outlook, the future international national support," he told CNBC's Joumanna Bercetche at International Monetary Fund meetings in Morocco. "That is important, both in order to maintain the global geopolitical order and also global security order. "So we are very glad to hear this assurances that the U.S. is ready to support Ukraine as long as as needed. And definitely that is an important an important factor for both for financial stability in Ukraine, and also the its resilience.
Persons: Sergiy Nikolaychuk, CNBC's Joumanna, Nikolaychuk, — Holly Ellyatt Organizations: CNBC, International Monetary Fund, Eastern, U.S, Ukraine, Congress Locations: Ukraine, Morocco, Europe, Eastern Europe, American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKyiv can still rely on U.S. support, central bank deputy governor saysSergiy Nikolaychuk, the deputy governor of Ukraine's central bank, talks to CNBC about Kyiv's perception of the pause in additional U.S. funding for Ukraine as part of a stopgap funding bill passed by the U.S. Congress in late September.
Persons: Sergiy Nikolaychuk Organizations: CNBC, U.S . Congress Locations: Ukraine's, Ukraine
How Russia's war has reshaped Ukraine's economy
  + stars: | 2023-07-28 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +4 min
Ukraine's economy faces difficulties ranging from inflation to trade struggles due to war with Russia. Central bank data cited by The Brookings Institution show how Ukraine's trade deficit has expanded since the war started. Meanwhile, war-time government spending has far outpaced revenue, which has hamstrung Ukraine's ability to fund its economy. Ukraine inflation is easing amid war. “Consumer Price Indices,” National Bank of Ukraine, Brookings.
Persons: Vladimir Putin, It's, David Wessel, " Wessel, Wessel, Yuriy Heletiy, Sergiy Nikolaychuk, Putin Organizations: Service, Brookings Institution, National Bank of, Brookings, National Bank of Ukraine, The, Brookings . U.S, Ukraine Brookings, Kiel Institute, ” National Bank of Ukraine, Bloomberg, Ukrainian Locations: Russia, Central, Ukraine, Wall, Silicon, Brookings, National Bank of Ukraine, Odesa, Europe, United Kingdom, Ukrainian
[1/2] A general view shows the headquarters of the National Bank of Ukraine in Kyiv, Ukraine April 18, 2019. The central bank increased the main rate to 25% in June to tame double-digit inflation as Russia's invasion battered the economy. The central bank said that consumer inflation had accelerated to 26.6% in October year-on-year. The International Monetary Fund expects Ukraine's GDP to fall by 35% this year and that the economy will stabilize next year. The central bank also said it was increasing obligatory reserve requirements for commercial banks by five percentage points.
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