[000:00:00;00] er, there will be our marathon, so we will also have news in our material. so, being espresso from the very morning means being informed . greetings, andriy yanitskyi with economic news on espresso, as usual in the morning, we will talk to you. well, today, friday, we will sum up this week briefly and talk to the experts of the invest company concord capital oleksandr parashiem about the imf , but first two short pieces of news: from june 1 , the polish railway will start flights from warsaw to rava ruska this is reported by ekonomichna true, with reference to the ministry of reintegration of the temporarily occupied territories, the train designed for 240 passengers will run in both

directions. the departure from the warsaw railway station is planned at 2:00 p.m. local time . well, the arrival at rava-ruska at 8:15 p.m. kyiv time will allow the new flight to unload car checkpoints in ravi-ruska, after passing border customs control, passengers will be able to use other ukrzaliznytsia flights. by trains to launch this route, a section of the eurorail with a length of 8.4 km was restored and from the restored railway station at the rava-ruska station in the lviv region, the analytical center state watch and the online service youcontrol presented a new register of russian oligarchs who are under sanctions. it allows you to track the status of property and business of the aggressor country in the process of confiscation and to systematize the available data, the register currently includes data on 53

oligarchs from the ranking of the 200 richest businessmen of russian forbes for 2021 and also a number of other russians who are under sanctions were not included in the register, persons from the list of the richest russians who are not under sanctions and against whom ukraine has no claims so far, well, now, as i promised , we will talk with oleksandr parashiy, the head of the analytical division of the concord investment campaign capital, mr. oleksandr, congratulations. good day. the topic of our conversation is actually the relationship between the international monetary fund and ukraine. and why i became interested in this topic is because i read your post on facebook, which is very strong differs from the posts of many economists, because you criticize the activities of the imf in ukraine , in particular, our latest contract with them. why

did you decide to write this post, what prompted you, well, first of all, i would not say that i am criticizing the activities of the international monetary fund, it is obvious that we should all be grateful to the foundation that it has planned support for 10 billion dollars for our budget in 2023 and 24th years . this is a significant and obvious support. could do much more er for all of us and probably demand more from the international monetary fund because this support that the international monetary fund provides well, despite the fact that it is

a very large and powerful organization, it is support for ukraine well, it is quite modest i would say if we talk about how much did the international monetary fund provide? initially, it also provided us with funding. well, they are probably now in sixth place as an organization. it is obvious that the leaders here are the united states and the european union, and according to my calculations , they have provided us with more assistance than the imf. financial and military if we count in money, yes, countries such as germany, great britain and canada gave more . accordingly, it seems to me that we could have demanded much more from the imf and we could have done much more. in order to

after all, the international monetary fund did not use its standard program of extended lending for us, but provided some. well, it is possible. well, we are a new tool for us that would better meet our needs and better meet the challenges we face. well, here is another economist for example, they noted that the imf even made changes in its internal procedures in order to provide aid to a country that is in a state of war, and that this is just an unheard-of step on the part of the international monetary fund towards ukraine and, in principle, without for these changes, he would not be able to give any money to kyiv, but here you are saying that there could have been more, there could have been more, let's be honest. it would be simply scandalous if

the international monetary fund 19 in such a situation turned away from me i'm talking about what the conditions are the program could be much more attractive for us in terms of percentages and maybe even in terms of size, let's give each of these a pair of programs and it works, we see that the european union and the united states and all our other partners have moved away from the programs under which they worked with us for the previous, well, let's say 10 years, and they offer much more loyal conditions that will allow us to go through this very difficult period. unfortunately, i would not say that you are the financial conditions that we offer above, they are very interesting for us, but this is how you need to understand what

the international monetary fund is er not so much financial support as expert support as support of our government and er let's say yes er is such a er magnet to which all other donors are drawn although, again, with its example, the imf does not demonstrate any er -e exclusivity in our situation, unfortunately, you mentioned that the rates are not very attractive, at what percentage does ukraine receive money from the international monetary fund , they usually said that there is very cheap money, it is profitable to take it. it is much better than placing debt securities on the markets. well, if we if we compare it with the prices of debt securities that could be for ukraine today , then it is obvious that the imf gives us lower interest rates . well, if you look at the interest rates that are included in the new extended

financing program, you can calculate that it turns out to be approximately 6.9 -e percent per annum and well, in principle, it is not very cheap, because even on the market we used to attract cheaper, although well, we understand that now the rates in the same united states are much higher than they were a year or two years ago, that is why such a rate and in this there is just a part of me claims because canada, for example, also gives us a loan. it is probably not as big as the imf gives, but they give at one and a half percent, well, for the same 10 years with a 4-year grace period, but for example , the european union gives us not for 10 years like imf a for 35 years with a grace period of 10 years. well, if we were to attract more

such loans, very long and as cheap as possible, then we would not even have these questions that arise in our cooperation with the imf , which turns out that the debt is too high. something will need to be cut in order to make ends meet, and simply if we now took out all the loans for 30-40-50 years, we had absolutely no questions about our financial stability, that is, canada and the european union allocated us larger sums on better terms if regarding interest well, as for the terms, because the international monetary fund did not grant more than the amount and yes , but the same terms and interest are much lower than the international currency fund also postponed the possibility of payments on this loan for 4.5 years, you are in your column

in fact, you say that this is not enough, that ukraine will not be able to do it in 4.5 years. well, it is possible that it will be able to, but it will be difficult for us to pay back in such a short period of time, and canada or the european union give credit holidays for 10 years, yes. as far as i know, the european the union provided for vacations for 10 years and after that for 25 years we will respect ah well 4.5 years of payment deferral this is just a standard program of extended financing, that is, again, they have not deviated a single step from their standard program, we are like this the program itself was held in previous years that is, it is 10 years and the repayment begins in 4.5 years, and this is my main complaint that we could not agree on some special program for us, well , maybe it was impossible, so maybe we will see some new, more flexible

programs ahead us, well, actually you, actually, you ask such a rhetorical question . why did this happen, or was the representative of ukraine at the imf not working actively enough, or is it possible that russia has an influence on the decisions of the imf, because russia is also a shareholder of this international structure? well, it is clear that something is happening to harm ukraine, but we will not know. well, at least now, but there are such well-founded claims. you also write that the imf actually does not give us $15.6 billion. well, of course they give us $15.6 billion, but we have a part of the money to return on old debts and, accordingly, net, well, that is, new money is only 3.5 billion, did i understand everything correctly, and why was it not possible to, for example , give a deferment on old loans or negotiate with the imf

, is it possible to give such a deferment on 12 billion with which we have to return well, if we look in more detail, you should now talk about a segment of 48 months, that is, the segment during which this new program of extended financing will be active, if we take these very 48 months during which we are promised 15.6 billion dollars e- it will be 12 tranches, and i will be honest, we have so many tranches under one program. unfortunately, we have never chosen , that is, the maximum we can get is 15.6 billion dollars in 12 tranches, but what we will definitely have to pay regardless of that

will we take new tranches or will we take it 10.6 billion dollars is er the return of old loans and er. more precisely, 10.6 is the return of old loans and interest on old loans that you have already taken to date. but if we take all er, the next 11 tranches, then we will have to pay approximately 2.4 billion dollars in interest on these loans over the next four years , and so it turns out that together, approximately if our program goes as planned and we will take the tranches as planned, then for in these 48 months, we will still pay the imf in the form of repayment of loans and types of interest somewhere around 13 billion dollars, that is, we will take 15.6 billion in the best case, and we will pay from 11 to

13 billion, depending on how many traditions we will take, so it turns out that in the ideal in the event that everything goes according to plan, we will cheerfully return, er , somewhere around 13 billion, and we will take 15.6, therefore, 80% of the amount. er yes yes and er we know what the imf has never predicted this to anyone, that is, you always have to fulfill all your obligations to the imf, and maybe something will change in the future and there will be concessions in the direction of ukraine, after all, we literally have two minutes left for the last question about writing off the foreign debt. did you see it? in the agreement with the imf that the imf hopes to write off part

of the foreign debt by our private as far as i understand creditors or other creditors can you explain why this is bad if we are forgiven part of the debt, well, the imf is for that it can be said that it hints at this and it seems that it is also useful for us if we do not pay all the debts. of course, the imf mentions the possible debt write-off 11 times in its memorandum, although there are no specifics, but what is clear is that , well, we will definitely not write off all the debts at the end of next year, we will have approximately 140 billion dollars of public debt, 140 billion dollars, but from those 140 billion dollars, we will be allowed to write off what the imf

will allow us to write off. well, somewhere in the range of 26 billion , that is, it is less than 1/5 er. and it's 100 billion. well we definitely won't be able to write off everything to zero, so it will still be negotiations with creditors and it is obvious that there will be very difficult negotiations with the creditor, that is, for the sake of writing off some five, maybe six or seven billion dollars out of 140 a-a we will have to enter into a very difficult the process is a very painful process and, to be honest, the benefit from this is not at all obvious, for the write-off of these five, six, maybe eight billion, we will have to pay very dearly, but what exactly do we have to write off, because now we have the state debt officially amounts to three billion dollars of yanukovych's so-called debt, which has been going on since 2013, and

it is still included in the statistics. i think that we should definitely start by writing off these 3 billion so that they do not put pressure on us. well, to be honest , no, no. they angered us all because this is exactly the debt that we will not return , there is no doubt that it will be at least 3 billion we will not return these debts of yanukovych because it was obviously a bribe from russia and pressure, mr. oleksandr thank you for the explanation oleksandr senior director of analytics of an investment company concord capital was on our airwaves. and i'm from andrienytskyi with news of the economy. i'll be back on monday at 8:00 a.m. together we'll win

for everyone: cinema, television, sports, music, education , the free have a choice, choose what you want on megogo , the war is going on, and not only for territories, it's also a war for umy russia is throwing millions of naftodors to turn ukrainians into little russians ukraine will become russia analysis and analysis of information about ukraine by russian propagandists concrete facts and methods by which hostile propaganda turns people into obedient zombies connections are needed plans to vote the people of the people's republic of ukraine against the information attacks of the russians in the project of the chronicle of the information war with olga len tuesday thursday at 11:40 and friday at 13:00 on the espresso tv channel mykola veresen vitaly portnikov and the main topics of the week is if

god forbid is used against ukraine really tactical nuclear weapons, it will definitely change the world history, problems, analysis and personalities, we are waiting for john gerbs, the former ambassador of the united states to ukraine thank you for the transformation, you have questions, you will get answers so the question is how to deal with portnikov september that on friday at 21:15 for espresso the war raised its head again in europe reminding about the darkest hour of our history franz 24 constantly covers the events in ukraine our team on the ground and in the studio will inform you about the dynamics of events , see the latest news from franz 24 in ukrainian, not espresso, every week saturday 's political club helps to understand the processes

taking place in ukraine and the world, vitaly portnikov, host of espresso and invited experts based on facts give their assessment and the forecast of the development of events, do you want to understand how our today will affect our tomorrow, watch the saturday political club that saturdays at espresso good morning, friends, we return to avatar and continue our marathon, you watch espresso lesi vakulyuk and andriy saichuk, we work for you , someone will like it, someone will like it no, and that's normal , you know says one ukrainian proverb , he didn't give birth yet, so that everyone would be pleased with the cossack, god again, with those sayings of his, those galician ones , i hate the bill, so that everyone likes it , the singing rector always said so, and you know, well and everything and in principle still popular saw even arrestovych taking pictures with him, now arrows will fly again from supporters

of the arrestee at us for the fact that we mention this about him here and not with a bad quiet word what is it gentlemen of philosophical sciences, deputy of the kharkiv regional council , we are joined by mrs. halyna. good morning . congratulations, mrs. halyna. the day of the vyshyvanka was yesterday , but i understand that you decided to show your vyshyvanka. since you are appearing today on our air, thank you, the echo of vyshyvanka day continues. the fact is that prosvita always organizes vyshyvanka events in kharkiv. i am a member of the council of prosvita , and it used to be a vyshyvanka procession. children used to come, older people came, because you know these kinds of vyshyvanka events. when somewhere some authorities or some educational institution with our brains, these are very local events, we organized events for everyone and yesterday, well

, it was so difficult to organize, we also made a charm, an embroidered charm of victory, around the monument of taras shevchenko, a 50-meter towel they wrapped such a charm according to all ukrainian traditions. but we could not announce the action openly, it was organized a secret action, when you know, we pass on information to each other about the place, the time of the meeting, but you can't tell the police. 50 people , i didn't expect that there would be more. and we can't do big promotions. about 300 people passed. well , somewhere with children, god, people came from the occupied territories, children came from the occupied territory, those who learned a lot wanted from that event, and here imagine we have an action at 3:00 p.m. and pes 10 - 3 explosions

are like that babah, we and we just don't know what to do , the police say let's go our separate ways , shelling of kharkiv and then just like that, we have actors of the theater opera singers came to perform the national anthem of ukraine and we are like that, and so is our mykola ivanovich muh, an actor of the berezil theater - says so now we will start singing the national anthem and everything will be fine. he is similar with that hairstyle he unwound the amulet around the monument, all of it, you entered , you wrapped it in the amulet, and then there was such an interesting action on it, again , educators came up with it when they handed out notes to people and said, write your wishes for ukraine for victory, and i attach this amulet to

then i read those notes, especially from the children, come back, dad , you are already the zsu, be alive to us, kharkiv, all of ukraine, lysychansk , i want to go to your home, modern ukrainian crimes, we will meet at your place, that is, the immigrants have come, the people of the breath have come, oh yes yes, this is exactly this fifty-meter towel that we wrapped around shevchenko's shelter, i can see the skoryk panel even there , yes, this is the head of our faction. yes, in fact. well , because i also invited my faction, everyone say hello, because we know secretly, it becomes clear what he told quite a large sum for our assembly because we remembered his machine and then so we noticed everything to you . skoryk constantly helps the army and because the russians know this and bombed his company

and it happened like this and now look at what happened yesterday in order to kill the village itself. well, i think that you know, when we talk a lot about restoration, the village of the church is such a beautiful elite village near kharkiv, and it was included in the pilot villages that will be the first to be restored according to some latest projects, and it was announced last month, and it seems to me that the russians have mistaken the village of zvirkuna twice because of this, and this is yesterday, it was just bombed at this time when we had a vyshyvanka campaign, so this shows once again that it is very early to talk about recovery, it is too early to be happy about recovery when we don't have it yet the victory of ukraine, we must now focus on the victory of ukraine and the help of the army, and then we collected those notes after that action. volunteers who went to the front took them to our soldiers because they are not only read from the heart, but written as children mainly wrote and when the children came and they tell about which

in the territory 7-8 years old and they say a little girl she says i am so grateful that my mother gave birth to me in ukraine i am so happy the story this child says this and it was a note for a secret holiday in conditions of bombings and it there is so much by uniting it became so good that we still have such a good mood kharkiv all of ukraine and kharkiv will always be ukraine this is also one note that was written by ms. galina you say that you always organize such actions that is, you can compare with previous years which were in myrny kharkiv, but according to your observations, has anything changed in connection with the fact that we have a full-scale invasion in connection with the fact that kharkiv is actually constantly under the russian sights, well, it is difficult to say what about the action because when the announcement was made earlier

many people came to vyshyvanka along the way, and prosvita is the platform where various political forces and organizations came, and people from the government and people from business came , that is, if someone else, the government organized or some political force, there were fewer people before all the enlightenments went and it was very good, of course we had times when it was difficult to hold, for example, in the 19th year, it was difficult for us to hold this action a little bit , then there were just such moments from the side of the authorities that vishakernes was alive and when moments that may cancel may not go may er let's come to us at this time, we were just about to make repairs and you won't. we had a lot of negotiations with the police, because people were leaving, but we were saved by the fact that about five thousand people came to you and it was already impossible to stop them, we had to do everything - still people come here to repair, well, it was may 19th, the new president just became president

, and for some reason she decided that you don’t go here dressed up to get a card, but stand in one place , stand and disperse here, well, there was such a moment on the part of the city authorities, then what in we decided during the pandemic there was no principle he was allowed to go, they just painted a giant embroidered painting on the freedom square, it is the largest maidan in europe, and we painted a giant embroidered painting there again, put on masks, don’t paint without masks, well, the children always wanted a holiday, the children drew, they came and it was in the 21st year, we held a fruit festival, again a lot came people, the military always come and volunteers come to this vyshyvanka exit well, a year ago we stand near the tent for victory, we met, well, this year we decided not to. we still need some kind of amulet action why amulet because you know this expression was born in ukrainian soro. it comes from the fact that the soldiers were quickly embroidered with amulets , that is, around the cuffs and around the neck, a closed

circle with a vyshyvanka, when a person prays , the amulet is already embroidered, and we decided that we are around shevchenko. and this is the ukrainian heart of kharkiv choose an embroidered piece, let's make it, then we'll make it around eh, it will symbolize the charm of kharkiv, and kharkiv is the cake of ukraine, and we protect all of ukraine, and this expression eh, born in a shirt does not mean that you were born with charms on your shirt. it was very important for us to make this cake. frying pan unrolled this towel , we did everything according to the canons from the right to the left of the hour hand, because on the left consider pure force . this time they sang when they made a charm, we will raise a red viburnum, opera singers sang , people sang along to the action, it turned out very well and kharkiv very, very dreams of victory

. there for any russian language what uh what well he understands that it’s not that simple it’s all so so he came here in ukrainian yesterday but wrote wrote that kharkiv chooses a vyshyvanka as a symbol of his beliefs and an identifier of national belonging in it our traditions and our future we are nobody’s let us encroach on the common roots and collective spirit of the great ukrainian people, happy holiday , free people of the strong city, glory to ukraine , terekhov wrote about this in his telegram channel, where he went and took pictures of kharkiv residents in vyshyvankas and taught himself there i was very, very glad that finally yesterday there were many vyshyvankas in kharkiv and i am so happy about it and you know, you go to the subway and you look at each other, you smile at your own, you smile and there was a lot, not only the regional council gathered vyshyvankas, the regional administration,

universities, yesterday it was massive, so local en masse every structure is going