The end of Russia’s full-scale invasion will be a serious shock to the Ukrainian economy. Andriy Pyshnyy, Governor of the National Bank of Ukraine, said this.
According to him, the NBU is already considering different scenarios for developments after the war ends, but it is difficult to determine in advance which solutions will be effective.
“The end of the full-scale invasion will be a global shock for the Ukrainian economy. A global shock. We are already thinking about it,” Pyshnyy said.
He noted that the National Bank has a number of possible Plan Bs for different situations, but the future structure of the economy and the challenges it will face are currently unknown.
“It is not a fact that these Plan Bs will be effective at that particular moment, under the circumstances that arise. I don’t know what the structure of the economy will be. I don’t know what the challenges will be,” the NBU governor said.
At the same time, Pyshnyy considers one consequence of the end of the full-scale war obvious: the amount of international financial support for Ukraine will decrease.
“But I know, obviously, that the flow of international financial assistance will decrease. I know,” he stressed.
