[000:00:00;00] uh, from the interest on loans, which are outflows, and 80% of all their earnings go to it , that is, they caught half of russians almost. also, nothing has changed in russia, i remember how at the beginning of the invasion of gostomel, a journalist i know told how people approached those russians who were driving around in tanks, taking washing machines, refrigerators, toilets and human lives, and asked if there was any one of the leaders of the russian army that entered gostomel, why are you doing this? especially since later people found out that he also has some ukrainian origins, and he says, well , i have to pay a mortgage, that's all and that's

why they came to ukraine for earnings, economic news andriyanitskyi is ready to tell you, and we are ready to listen and watch andriy, thank you for your word, colleagues, i hear that you so imperceptibly approached economic topics and started talking about mortgages, it is true that it is a little political, such a military-political direction, we will talk about the clean economy. literally in a moment, andriy yanitskyi with economic news on the espresso tv channel , as usual, at eight in the morning live, we will meet with you. if you watch us on youtube, please comment on this video, you can leave questions . i will answer them after the broadcast and send the link to your friends and family so that they also know what is happening in the economy, small privatization continues to work at the beginning

of the year at open auctions, the state has already sold 744 million e-e attracted 744 million uah from the sale of property, entrepreneurs from all over the country received new opportunities for the development of their business . within the limits of the so-called small privatization at open auctions, the state attracted 747 million hryvnias, and entrepreneurs from all over the country received opportunities to develop their business, the government approves the procedure

conducting electronic auctions during the great privatization will make the process more transparent, competitive and effective. ukraine is also involving mykolayiv port in the grain agreement, which was previously dangerous to involve because russian shells were flying there, so it will be possible to increase the range of products for sea export , said first deputy minister of agrarian policy and food taras vysotskyi in addition to grain oilseeds and processing products , our country produces many goods with added value, these are horticultural products the livestock industry, and the world needs this too, the government official added. i would like to remind you that negotiations are currently ongoing with the un and turkey regarding the extension of the grain agreement after the middle of march and the gates, and it is hoped that then we will be able to include the port of mykolayiv to sea exports. ukrzaliznytsia of ukraine is being ukrainized. the chairman of the board of the company oleksandr kamyshyn said , the initiative is designed for three years, during which time

it is planned to ukrainize everything that has connected our railway industry with by the aggressor country, this includes the names of regional branches and mileage markers, signal markers, soviet bas-reliefs, station names, the company continues to collect and study the necessary information for the implementation of this plan, 68 million uah are needed, they began to develop that in the summer of 22nd year but in order not to look like people who are just there they are renaming a branch from one name to another . when we dug, we realized how deep this story is, that russification has crept in much deeper than the names of the branches. we realized that in addition to the names of the branches, many other i am impressed by the structure and consistency of mr. komishin, let's talk about other economic topics, for now with our

guests, yevgeny dobagryzami, associate expert, ukraine case, and mykhailo demkiv , financial analyst of the icu group of companies. i congratulate you. good morning. so, raiffeisen bank international experienced unpleasant consequences after working in russia, we learned that on monday, february 20, raiffeisen shares fell the most for the first time since the beginning of the war, and the austrian lender drew the attention of the us sanctioning body because of its business in this is what reuters is writing to russia. well, what are the consequences? is raiffeisen going to leave russia now? who can tell? come on, mr. yevgeny, you will start first. to be honest, i don't know about raiffeisen's plans, whether he will leave or whether there was

an official announcement . including from the head of ukrainian raiffeisen, what do they expect, they insist, at least there , our yes, that the parent group will make a decision on exit , that they are expected during well, what if it is at most a year, it is actually a big problem, because raiffeisen in russia is very strong turned around operations last year, as you know, as they say, this saying removed the margin because many banks left there, and international banks stopped operations. it will be very difficult for russia to leave, and the only way for it to leave is really the attention of world regulators, it is the attention of such people, and for laundering

that money, that is, to force them if they already voluntarily go out at will and on the contrary, they develop business there to force them in some way or another, even with pressure. and now we see that the shares have fallen because the consumers of the bank , the shareholders of the bank understand this and are already starting to vote. as they say with their feet, that is, the bank is already having problems. it will force them, and after all, it should be from russia with an appetite. i hope in this context. hmm, it is also very unfortunate for the ukrainian raiffeisen, which is not guilty of anything and works perfectly. mykhailo and how is it possible that in one the financial structure has such different views on doing business in russia. well, maybe you can also predict what will happen to the bank next . well, in fact, this is the fall in the share price that was observed this week. even before that

, there was a slightly smaller fall when the president of ukraine introduced sanctions against the subsidiary the structure of raiffeisen raiffeisen in leasing russia, but if you compare that half of the group's profit was earned in russia and such serious things as possible, such as the interest of the competent authorities in relation to in relation to their activities in russia, it reduced the stock quotation by only a few percent, this is not enough because the market understands that even the several billion euros that the group earned in russia cannot be withdrawn so easily , no one will allow them to pay dividends or sell the bank for some reasonable price, respectively, this money, well, in fact, it is an easy and obvious solution for the bank to exit, except to completely

hand over the keys and, in fact , go bankrupt. of the ukrainian market, even the state-owned russian banks, that is, they have gradually reduced their portfolios, their assets, e-e. this is probably the way for raiffeisen. do you see signs that this is happening, that the bank is deflating , let 's say, in the russian market? it seems that there are no new investments, but on the other hand, they actually earned more than 2 billion euros in this country last year, and taking away this capital is the biggest problem, it is possible to reduce the volume of loan branches, etc., but capital is the most difficult thing to take away, and there are problems with the fact that there is too much money in the company, which it cannot withdraw from russia

. something is happening in our banking system. that there is also a lot of money, well, it is clear that we are talking about illegal money, but it seems that the banks do not know where to spend it, or am i exaggerating? well, in fact, banks now really have such a thing called structural surplus liquidation in your own words, as you correctly said, too much money and the bank indeed, there is nowhere to put them except the government into some kind of state securities. it’s either nbu certificates or ovdp, because lending during the war is, well, it’s a function of security risks. instruments and the government or others, someone did not offer that, but the banks have a lot of money, they don’t know where to put it and they are trying to somehow make money from this liquidity and not the national bank, which is

making efforts to increase the reserve ratio in order for this money to somehow work more and that in the banks and that in the banks there was an incentive to attract money from the population for time deposits to raise rates in this way to make the financial system more stable because now it is such a situation that the system is very vulnerable to shots, any shocks, panic, it can simply lead to a loss of liquidity, that people will begin to take money en masse, and now we have more than three quarters of the funding of retail banks in general, these are funds on demand, yes. well, there is no need to be there even in the system affected by the war, there needs to be more stable swindling, at the same time ukrainian banks are reducing the number of their branches, and it has already reached the point that the national bank of ukraine asked the ministry of finance

and the management of state banks to introduce a moratorium on the reduction of branch networks during the war. what does this mean , why is the number of branches decreasing -first of all, secondly, why do we put state banks in such unequal conditions with commercial ones , that is, commercial can mean cutbacks, but state banks cannot. where is the competition here, and not yevhen, you know there is such a story here that state banks are really very important now, yes, before the full-scale invasion of the state, there was indeed an incentive and there were efforts to reduce the share of state banks in the market, now on the contrary, state banks are such a safe haven during the wings, people trust their funds more to state banks, state banks it is more cool to provide loans more successfully to serve people, therefore, from this point of view, it is possible and correct that now state banks are increasing their

market share in relation to this offer you know the national bank, on the one hand, this is such indirect electrocution, after all, in the operational activity. well, it is, as they say, prohibited in the banking market. on the other hand , state banks are really reducing the number of branches, and not only in those regions affected by the war. and in general, throughout the country 24 % of the division of three state banks was closed during the last year and this can be a problem because in many regions there is simply no other way to get money somewhere uh and just deal with banks except of the state, especially when it comes to oschadbank and privatbank. that is why the management's attempt to save money is absolutely a correct desire to control costs. it may come into conflict with the function of the regulator, that is, to provide

the country with timely and high-quality financial services. that is why it seems that the national bank is turning to the ministry of finance where the director says that please make it so that they save on something else , management fees, even some kind of business trip, i don’t know, or something else but provided as he services in the proper volume, you are already offering such a fantasy, it is somehow bad yevgeny i want to say that you counted yesterday and reduced bank branches, you say 25% of all viewers are sent to the facebook page of yevhen dubogrez, there is a beautiful sign where you can see which banks have reduced how much, but me i wonder if it is not possible to just switch to online banking, or not everyone knows how to use it yet. well, let's go mykhailika, let's go on. well

, it seems to me that the issue of closing branches is relevant not only not only now, but for many years now, as branches are closing in ukraine and in other countries, and banks are increasingly moving online, this is a trend that cannot be resisted, which is unpleasant somewhere , guess what such a thing as deputies requests how many years ago they started to be published, and if you quarrel in them, you can see that very often some individual deputies turn to the national bank, or the savings bank, or some other bank, with the aim of not closing a branch in some populated area point that is in their electoral district, but it seems to me that you can't resist this, because it 's an objective process, sooner or later everyone will have to transition online as much as possible

what is it that we used to do in the branch before, because otherwise the effectiveness of such work decreases. i am not sure that we need to introduce a moratorium. there are four banks, each with its own management. or not branches should be reduced. and if such a decision is not in the interests of the bank , then the question is, why are we only doing this for state banks? we are constantly moving in the direction of the fact that the rules should be the same for everyone. from this point of view, it seems wrong to me, and in this regard i would certainly now expect some moves from ukrposhta, which does not lose its desire to open a bank, or become a bank, or buy

banks. literally on the eve of the invasion, it was very reasonable, but now it is no longer relevant due to other issues. well, they are not - they are forced to be at ukrposhta in every populated place by law. and now it seems to me a good time for them to sting the national bank somewhere for the fact that it slightly prevents them from becoming a bank yes, really a stellar moment but wouldn't it somehow be possible to arrange some kind of subsidies for such settlements , or is it still a matter of local self-government? perhaps local budgets could be spent on creating conditions i do not know how to provide banks with free premises . if the local government wants to see a bank in its territory, it is possible to help them with some communications .

works. if you don't have a branch, let's communicate. we're talking about those branches that function fully , that simply don't have business, and well, i don't know how correct it is to say, but uh, if the settlements become richer. let's say this will have more business for banks, be they commercial or state, then they will be interested in opening their branches without this. i think this last question will not work, but literally in a minute everyone will be able to say that before simplifying the terms of repayment of loans, the cabinet of ministers proposes to simplify the terms of repayment of loans for citizens who are temporarily displaced or who live in the regions a not only only for the temporarily displaced but also for those who live in the regions near the front where the fighting is going on

actions, military actions, how successful is this idea, it seems that this is also, well, a little bit true of the ideas of equal competition of the market economy. are there still exceptions in such cases, mr. yevgeny, let's start with you . well, i am very afraid that this will be accepted . why, because it is still one mine can be laid under the banking sector, as there was once a moratorium on the repayment of foreign currency mortgage loans , they fought with it for more than 10 years, but these are the problems that the banks have to solve, and now there is a huge problem that the banks do not want to recognize these loans that no longer exist recognize them as unemployed, write them off, forgive debts, and so on, banks put pressure on borrowers who cannot pay, borrowers turn to the government, to the national bank , and in the end, it all comes out like this, this is the decision from above, this is the story where the banks

have to understand the same thing that is beneficial to them these loans should be written off and restructured. as they say, don't make the borrowers have nightmares. if they don't understand this, then the government will intervene . well, it's really not clear. how can a person whose house was bombed, for example, pay off , continue to pay the mortgage, mykhailo e do you see any danger in this decision for the market as a whole, well, not at all, the wording simplifies the terms of loan repayment , it can. forced restructuring, this practice was both in ukraine and with mortgage loans, and in many countries. well, the situation is developing so that it is really wrong to collect a debt from a person who got into difficult circumstances not by his own will, but because of a crazy dictator

but in any situation, there will always be egregious cases when banks charge some kind of unbelievable percentages from a difficult situation for people who really suffered from the war , and banks will also find in their activities, they will encounter cases when unscrupulous borrowers will somehow try to squeeze into the these e-e criteria that fall into instructing and simply in repayment and in such choosing between two two situations i think that after all we have a high probability that a kind of e-e forced restructuring to be because the first cases of people affected by the war they will outweigh all these negative moments from those clients who are unscrupulous well, such is life thank you colleagues thank you dear experts mr. mykhailo e demkiv from the investment company icu

financial analyst and evgeny dubagrys expert of the analytical center case ukraine were in our program, and i am the presenter of the economic news program on the espresso tv channel from andrien . see you tomorrow at 8 a.m. live , together we will win , cheer for dnipro-1 and shakhtar in the eurocups exclusively on megogo february 24, 2022, the attack of russia on ukraine at 5 o'clock in the morning, lenya called in principle, they understood that this would happen, i think that it will not happen

right now, february 24, the day that changed our lives, he started calling his loved ones and spoke like this combinations that i don't know, we never speak again, wake up, don't worry, the war began on february 24, a turning point in our history. the army they came not to capture the city we came to destroy it and kill it every february 24 you are the first day of the invasion of the ukrainer project documentary film how did you start february 24 to the anniversary of the full-scale russian invasion of ukraine friday february 24 at 5:30 p.m. on espresso good morning friends

we continue our espresso marathon andriy saichuk and lesya vakulyuk, we are glad to see you among our viewers, thank you for the likes and likes you gave, it's nice, but let's do more. and of course , comment on what's happening on our air for those who are simply not in the know, because this happens here, uh, in fact , in order to like here, you need to register on youtube, it's actually a matter of seconds, if you already have an account on the internet, then you just use your account to do it, well, yes the point is actually to register, because if we are in such a shadow bath, we can say that you are not us, we do not appear in the list of recommended ones, if we are accordingly signed up, we will still appear this time. you in the recommended lists now we have almost 2 million subscribers to our channel, this is a big number. we are very yesterday. everyone is our subscribers. well, then you can

like us more actively again. so, just like that , please subscribe to the espresso channel on youtube, please do this, be our e if you could say the team as part of it, well, this team works very efficiently, this team works effectively, again with our viewers, we want to tell you great news, and thank you, we have collected the amount at the battery station for our defenders and the process of purchasing and equipping has already begun, at the moment it is possible to install additional special solar panels on them that can be used at zero, a set of such solar panels will be two for each station and therefore the espresso tv channel together with the charity fund ford yu-ua outpost ua continues to collect funds for the purchase of powerful of portable battery stations, you can now see on the screens all the necessary details or a qr-code or a card number eh there. so, we continue to collect funds for the purchase of powerful

portable battery stations from with folding solar panels for our soldiers, we will hand over the first five stations to the 406th separate artillery brigade named after major general oleksiy almazov, you and i need to collect 720,000 in total, and thanks to you, we have collected , well, listen, i think that for today literally until the end of our e our part marathon with andriy seychuk we will close this amount exactly because we collected 708,541 hryvnias , we need 720,000, what is there, how much is 11 less than 11 11,000 need to be collected yesterday, you and i collected attention 46,000 listen, we we are making incredible progress for this, we are very grateful to you if you understood when it all goes. it goes to the lege, well, cool, super strong 406th

artillery brigade, you know that the artillery lottery is the god of war. well, our artillerymen are such super gods, they are the olympic gods of this war and this is the brigade named after general khorunchev oleksiy almazov, the hero of the liberation war 100 years ago, which is ongoing now, just so you understand what kind of guys these are, they are very cool, they work with super-duper howitzers, three sevens, who know very well and they are terribly afraid of the enemy because they destroy extremely accurately with 155 mm shells, well, most of the muscovites, whom we see are already dead, and who come there later to novosibirsk in special zinc cool coffins. they are all the work of our 155 artillerymen, these beautiful shells are signed for the orks, so to speak

david of our viewers , including all of this is sent with delivery, so to speak. cards 53 75 41 12 0 4 69 17 40 we need to collect a little more than 11,000 hryvnias, this is for you and me, from what i see , what steps we are taking. that you also pay our army and then it's up to you to count yours who are you still dropping at this moment yes that is maybe someone let's finish this collection - this is a great call i think we will succeed tomorrow we will announce the excellent results well stepan barna is with us now military serviceman of the 10th, how is it, what is it

from such assault brigade aga of the armed forces of ukraine and the former head of the ternopil regional state administration, mr. stepan. good morning to you. good morning . glory to ukraine, and i would like to mention not just the 10th mountain assault brigade, but the edelweiss yesterday, the bunker spoke and noted so that you talked about gains of artillery or i would also like to say that the gains and infantry of ordinary infantry are no less than those of the pipe army. well, we all understand that the work of the infantry is the most difficult . especially when it comes to the assault brigades, which are always in the most difficult areas and perform the most difficult tasks, my brigades of the armed forces of ukraine - this is what everyone should understand, when putin mentioned it, you had hiccups , we were happy, that's the only thing that was nice

we heard putin's speech in a bunker. well, i'll say. so, i didn't have the opportunity to hear putin's speech at all, but only later did we get cuts and it just concerned the 10th mountain assault brigade called edelweiss and everyone looked at each other and said, it turns out that we have already become fascists from today, this is the recognition of the achievements of the 10th assault brigade, which since the month of may has been in the direction of bakhmut and is defending the ukrainian land, and i want to note that our direction is the sphere of responsibility of our 10th mountain of the assault brigade is regularly noted by the ministry of defense and the commander of the armed forces of ukraine, so i think that we will continue to beat the muscovites, what is going on with you now, what is this morning