[000:00:00;00] we, after all those losses of the best blue ukraine, ukrainian society simply will not accept er any negotiations to which the allies are trying to incline us and so on somewhere it already appears in the information field er er we simply call on the authorities to really support the ukrainian army and fight to the end, fight to victory , which will be mandatory, we are now really hmm, we have to provide for all these western partners of ours who give us something, help us with something, but they must give everything if they don't want it too

moved to their territory, russia will come there and in europe and in other countries , it may happen if the ukrainians do not stop the communist russian contagion that has happened again , the weather affects our state, but we have nowhere to retreat, we are working towards the complete victory of ukraine well it must be said that in general, these conversations about negotiations about who is there to whom under e-e incites to a great extent this, well, you can say such an informational struggle on the part of the russians, and you see well, the fact that you even talk about this speaks of something that indicates that that, to some extent, the russians are succeeding in this imposition of these talks , because so far there are no official ones. we have not seen such direct incentives. so far, all talks about negotiations come from the russians

, they are there, china before that something else is pushing it, that is, it is all from the side of the enemies, in fact, the coalition that supports ukraine, oleksandr, look, but it is objectively still a reality, but we, you yourself, have already said that the russians began to use these guided munitions with fabs, they are so difficult in principle aerial bombs which before they widely used, well, only where their aviation arrived, that is, when they controlled mariupol , there they controlled the airspace there, they used fabs, now they have learned to do such things , well, that is, not directly dropping them from planes, but still launching them well, a little like a missile there at 30 by 20 km how much can we even talk about the possibility of a counteroffensive before we solve the problem

with the reaction to that this way of using these guided munitions because well it is huge a danger to our advancing units well, you have to admit it like this. these are really uh-uh dangerous aviation bombs that they convert into gliders at the expense of artisans of new manufacture of correction modules for flight control, uh, these modules are not perfect , they are not reliable, but they can be to produce large quantities and very quickly, how to counteract this bomb, it is impossible to shoot it down with anti-aircraft means, it is possible to change the guidance according to the gps tag, which they have, that is, to knock them off their flight course, but this bomb will still fall somewhere uh, that's why there will be some destruction in one way or another. it's good if it's some kind of field

or forest, but it can be something else , it can even be some settlement, so it's more effective to destroy the carriers themselves. and how to destroy the carriers themselves using the appropriate missile systems medium and large radio of the judge or aviation with air missiles of the large radius of the judge, i.e. when such weapons are used a-a with a radius of 80 km plus 100 km plus definitely they will not risk carriers in such conditions, which they have an analogue of gold, but this or receiving from our international partners e-e missiles of such a modification for anti-missile complexes, or this is the receipt of a western model of aviation with appropriate e-e weapons and air- to-air missiles, for example, and they have 120 avraham missiles that have an e-e flight range of 100 km , plus although we

we can even see how much they are afraid of these planes. even our zerka or m1 of medium range , this is the case that happened exactly in belgorod. in the kharkiv region, for example, we are studying too much because in the ut area, this is exactly the sector where there is such a safe and dropping so as not to fall into the range of our anti-aircraft defense, and that is why even these complexes are a threat to them. by the way, such complexes as the cube and the e-book are updated after a small modernization and the western-style vin7 missiles, which have a much longer flight distance, so we do not rule out that even they can be. here is such a counter-argument on the russian planing

bombs precisely as a threat to their carriers. well, what also read all these merged papers, where they talked about the fact that, as if right before beuky, we will now have a shortage of ammunition, how quickly can it be solved, oleksandr, you literally have half a minute there, and by supplying it from the sphere, it can be solved by a western missile with a sphere or the use again, of those stocks that are still in eastern europe in some countries, well, that's realistic. yes, these next month, er, not a month, let's say everything depends on the pace of modernization, where it will take place and how logistics will be established the supply of the missiles themselves is for these single-missile missile complexes, because otherwise, successful actions against aviation

are predicted. well, it is simply impossible, and without this, the issue cannot actually be resolved. thank you. it was ruslan andriyko , an officer of the armed forces of the soviet union, because he was at svoboda, oleksandr kovalenko, a military-political columnist of the group , information resistance, cinema, television, sports , music, education, the free have a choice, choose what do you want to watch on megogo this week in the judicial control program with tetyana shustrova the agony of oska how the judicial mafia blocks the liquidation of the scandalous court among the plaintiffs there are many famous odious judges and what are the famous judges considering the case on appeal she was released under arrest the stepson of the oligarch

firtash serhiy kalinovsky see on thursday on april 27 at 4:40 p.m., the judicial control program with tetyana shustrova on the espresso tv channel, de-occupation, how is it possible, now, no , it is unsurpassed, the history of the liberated cities of ukraine, they left. let's see how they helped us our brothers freed us from a normal life freed us from the normal technology of the pro-russian skies, it was terrible, it was very scary every day one by one two houses were burned and the ukrainian people were nazis here, so we are all nationalists here, did the people resist , the residents came out here, stopped them and sent them back, and became the heroes of the novel was still and will always be ukraine about unbreakable cities of ukraine from the ukraine project documentary series

deoccupation that on saturdays at 11:10 a.m. on the espresso side, the hulls were leveled on april 26, 1986 , an experiment on the fourth reactor chernobyl nuclear power plant led to explosions that destroyed the reactor man-made ecological humanitarian disaster we remember those who suffered we bow our heads to the memory of those who died in this struggle let's honor the courage of those liquidators who live today near us andrienitskyi with economic news on the espresso tv channel live on the air, as always, we talk to you not only on your tvs, if you have the opportunity. watch us also on other gadgets , for example, on the stream on youtube, if you

do so, put it as a favorite comment on this stream, send the link to your relatives, you can run it on your social networks, so more people will see us, ukraine received another one and a half billion euros of support from the european union , the president of the european commission, ursula von derlein, was informed about this. help our country resist russian aggression and will also support the work of ukrainian institutions and infrastructure and carry out important reforms precisely about this we will talk with the guests, but i have some more important news, everyone will be able to track where the money that ukraine received from its western colleagues for reconstruction is being spent , prime minister denys shmyhal announced this, the cabinet of ministers created an interdepartmental working group that will monitor the allocation of money to

eliminate the consequences of the war information about all projects will be published and open such a group will be headed by the deputy prime minister for reconstruction oleksandr kubrakov electricity tariffs will not change yet prime minister denys shmyhal announced the government extended the fixed price up to and including may, i will remind the public that they will pay hryvnias 44 kopecks for consumption up to 250 kw/h and hryvnias 68 if you wind up more , but the increase in prices cannot be avoided . the minister of energy herman glushchenko recently announced the increase in electricity tariffs. he notes that international aid is not enough or to restore the energy infrastructure that was damaged by the enemy, so the money of ordinary ukrainians should support the industry, we are preparing for the next heating season, the european union

has launched a platform for joint purchases of gas, so the eu will be able to avoid all the new jumps in fuel that occurred this year, according to the blumber agency, ukraine will also be able to participate in this project. naftogaz has already reported that the company has registered on the platform and now it will be able to bring together buyers and sellers of gas in one place. it is expected that the first such agreements will begin to be concluded after may 17. so, before the cold weather, we will be able to make the necessary gas reserves, and now we will talk with financial experts evgeny dubogryzam and financial analyst of the icu e group mykhailo demkilom congratulations, the first news that i would like to discuss is the consolidated financial statements of the national bank of ukraine for the past year, it all sounds very serious , formal, scary, but what is really happening? why is this news so

important to us? mykhailo, let's start with you . so this is the annual financial report which is made up of every bank, every big company there , and also the national bank of ukraine, what makes it important is that the results of the year , the financial result, the profit of the national bank is redistributed in such a way that more part of it is directed to the state budget, and in the budget for the year 2023, an amount of 71 billion hryvnias was provided with a tail of a billion hryvnias of profit, which is a record for probably all the years of the existence of the national bank. well, maybe with an adjustment for inflation in 2018

what is bigger, but it really is, in absolute terms, what are the records and is such an initial source of funding for the budget of 30, which is huge , of course, somewhere, it is counter intuitively, how is it in the biggest year in of the history of independent ukraine, we see record profit of the national bank, but here it is worth understanding that a significant part of this profit is a revaluation of the currency in the 22nd year , the official exchange rate of the hryvnia was devalued as a result, the assets of the national bank in the currency are more than i owe it and it is worth saying that in general, the financial result for the year is 232 billion, and of the realized profits, those that are subject to distribution are only 91, that is , a significant part remains unrealized and obviously according to the results

this year, we can expect maybe not the same, but also a significant profit , which will already be transferred to the budget in the 24th year , mr. yevgeny, i would also like to ask you, hm . how did it happen that the national bank of ukraine , which is the regulator of the financial sector, which is not a commercial company, earns money has clearly overvalued foreign currency assets. and what else can the national bank earn money on, and can it happen that the national bank will lose money for a year, for example, and on the contrary, it will help the national bank of ukraine financially and not there is no budget for such cases, and as far as i can remember, but yes, theoretically, this could be why the national bank earns money , in general, according to the constitution, according to the law on the national bank. firstly, due to the real revaluation

of the gold of foreign exchange reserves, secondly, due to the morning operations, what does this mean, it means that the national bank has on its balance sheet a lot of bonds issued by the government, and the government pays interest on this interest the national bank earns and spends money on these certificates of deposit, with which it takes excess hryvnias to banks so that we can predict inflation . the national bank can earn from currency trading, from trading in various other assets. that we had a big devaluation because of this full -scale invasion, on a large scale, it's like this , you know, i would say that what the national bank does , transferring profits, is such a hidden and very well done friend of money, because

in general, in our country, the word friend of money is very devalued. there, people really do not like the effect of these terms. immediately, what terrible pictures appear before the eyes of the central banks of all countries, including the banks of all countries, very carefully replenish the budget, e.e., replenish the money supply in general because they distribute their profits to er, to its shareholder, to the budget, the national bank did the same. that is, you know, this is hidden printing without direct printing, and that’s when we will see this money in the budget, that is, now we have summed up the results, and the direct tranche, er, when will it take place? well the national bank has already listed it all listed as it was as it was written in the budget let's also talk about exchange rates i constantly follow exchange rates and see that literally last week it was still possible for those who have savings in dollars to hand them over at 38 and

already yesterday they asked for 37.6 in exchange offices, that is, despite the expectations of many economists e that the dollar will strengthen in the medium-term perspective, but in the short-term perspective, we see that the dollar is weaker relative to the hryvnia, at the same time this is in itself i wonder why this is happening, we they talked about it and we can talk more, but at the same time i don't see any effect on the prices in stores or on the markets, even on those goods that are bought abroad, that is, on imported goods, it seemed logical that if the dollar decreases, then the prices of goods should also decrease. to explain this strangeness is a really good observation, but here it is necessary to parry, first of all, you are talking about the cash rate, which is plus or minus the market rate, at the same time as uh, for sure, the absolute

majority of imports follows a rate close to of the official one, since the payments are made in a cashless form. of course, in ukraine, a significant part of the economy is informal, e.g. boats that import goods by buying them for cash, but this is still a smaller part of the economy, although your question is absolutely valid even in peaceful life, when the exchange rate is official the dollar exchange rate was set and changed every day. this is the situation when the prices of imported goods did not change when the hryvnia was strengthened. it really was here. there is probably a very large and large number of explanations. i would uh for each product each situation has its own, i would single out a few of the strongest, first of all, the fact that prices and currency can rise, we are talking about a huge broadcast in ukraine and we are also talking about record

inflation for many decades in the same european union, fortunately is already going down, i say fortunately, because it affects ukrainian prices, but there is a fact that prices have been increasing in those countries where we have been doing this for a very, very long time, and of course there is a price flywheel, e.e. , importers, e.e., setting a certain price in hryvnias they have enough market power to maintain it even if their, let's say, cost price decreases somewhat, they can afford it there , consumers don't like it, but this is the market. well, the third point is probably more psychology. people, economists who are engaged in behavioral economics, note that a person feels losses three times more acutely than gains, in this case

we will lose, i understand from the last prices, and when it rolls back, the person does not react so strongly, guess each one in the spring, some vegetables are more expensive, let's say the same onion, which for some time has to be imported there, it grows significantly, it always causes everyone's indignation . indignation when they grow, in fact, no one grabs their heads and screams oh my god, where did onions become cheaper on the market, what are we going to do, everyone is just happy and stocking up, sir, and you don’t. can you explain what is this phenomenon? what to add to what mykhailo said, and of course, a typical question is what will be the exchange rate of the dollar at

the end of the year, maybe you know about the explanation of this phenomenon in economics. in classical macroeconomics, there is even such a term, it is called nomenklazhidi, this nominal is not flexible, it means that if prices are fixed at some level, then agents, i really mean how the economy, business in general , consumers very rarely lower them, raise them yes. if there is a reason to raise prices, then of course they always try to use it. falls, e business stores, sellers, they do not lower prices, and there is also an explanation for this in economics, macroeconomics, there is a term physiteresis ratchet in the ukrainian language, that is, prices go only in one direction, they can go up, but they go down, they go down, they are much slower

. macroeconomics is written and i think that it will be interesting for someone to read about it if explained from the point of view of macroeconomics, if explained from the point of view of behavioral economics or in general the behavior of an ordinary consumer, then here the explanation is very simple prices they don't reduce, they want this, this, and everything related to the dollar exchange rate at the end of the year, do you have any forecasts, uh, maybe you have seen which ones you support, which ones are uh, rational in your opinion, uh, we have a dollar exchange rate, we have everything in general this price dynamics very much depends on what from international aid, now at the beginning of the year a lot of money has come to us , this is also 6 billion from the european union, yesterday we received a tranche of another one and a half billion, this is also imf funds, this us aid of course, this conditional pool of

money with dollars yes with currency he he crowded we just don't have enough we don't have time to spend the currency racks as a country how much comes to us because of course there is less pressure on international reserves and less demand therefore the hryvnia is strengthening as long as it lasts it will last as long as such aid continues in large volumes now come on let's be honest we received a lot, we will receive less by the end of the year, because i still have pressure on the hryvnia and it will be quite big . dollar, it is worth talking about international aid, 1.5 billion euros we received macro-financial aid from the european union , ursulofunderlein, the head of the european commission emphasized that this is part of a larger tranche, that it will go to the continuation of reforms and what obligations do we have regarding this money, what should we

do, mr. mykhailo what are we talking about? one and a half billion euros is news that we hope to repeat eight times this year. the total amount of allocated funds is 18 billion euros, 1.5 billion euros of which must be allocated every month. at equal intervals in order to finance that part of the budget that is not directly related to e-e defense with the army with military operations that retires to e-e payments to civil servants and other and expenses related to the recovery of the country e-e these these funds, i hope, will be received evenly, and what we talked about in the previous topic will allow us to achieve mass stability in the country, so on the one

hand, these funds and, er, these conventions for the allocation of these funds are tied to a certain kind of er obligations that exist in the field of banking supervision and the field of anti-corruption policy and in many respects, we will be frank, echo the program with the international monetary fund, i would like to say one more point here that uh, probably unlike me from the past, not only ukraine should take some steps for further cooperation but and we expect certain steps from the european union. we talked a lot about the scientific news about the blockade of ukrainian grain, about the fact that the european countries of the european union do not follow the rules of the european union and must do so

to react and i think these reform steps towards becoming better should be done not only by ukraine, but also by the entire european union. thus, at the meeting, we should do them one by one . conditions for receiving , or should we do something for this first tranche? it is not the first tranche, it is the third tranche. therefore, we need to change, we need to change, we have to carry out some kind of reform, when we are going to lend or give aid to the european union, then we will wait for steps from them regarding the conditions where they really resonate with the memorandum, they are easier, but here it is worth understanding that according to the terms of this memorandum with the eu, all subsequent

transactions will already be not just like that, but they will uh, how uh, they will follow our step that we have to take, that this is the return of tax rules to military ones, this is by the end of the second quarter, this is the reform of the transport system operator, and this is already the beginning anti-corruption reform and judicial reform, and here there is a real fear that , er, we may not fulfill these conditions, and as a result, we will receive less money than we expect, so it is simply necessary to carry it out, we also signed a memorandum to you with the imf under this, and we must carry it out for the sake of money and for the sake of showing that we are a partner that can be trusted for the future and actually for the sake of the country itself, we need all these reforms first of all. thank you, dear experts yevhen dubogrets, financial expert

and mykhailo demkiv, financial analyst icu investment groups were in our program in the middle, they are included. i am andrii yanitskyi, the host of the economic news program on the espresso tv channel. we will see what this will be tomorrow at 8:00 a.m. live on the air together. volodymyr zelenskyi held a telephone conversation with the leader of china xi jinping, during which they discussed the establishment of a just and stable peace in ukraine, as the ukrainian president said, the call was long and meaningful ramses emphasized her, as they say, objective and impartial position, at the same time calling the invasion of russia a ukrainian

crisis. the united states, for its part, welcomed the conversation, but emphasized that it is the ukrainian people who should determine the terms of peace and do it from a position of strength. i can listen to the comment of the representative of the council. of us national security john kirpy i don't think we know if this will lead to any meaningful peace movement plan or proposal we've been talking for a long time we want this war to end it can end immediately if putin withdraws his troops, but it seems that this will not happen in the near future. so, as we said nothing about ukraine, without ukraine, but if peace is achieved through negotiations, it should be when president zelensky is ready for it and when he can do it with position of strength and in the foreground should be his point of view and the vision of the ukrainian people regarding the conditions and circumstances under which they are ready to conduct negotiations , but in washington today they are receiving