[000:00:00;00] the most important events, events that are happening right now and affect our lives, of course , the news feed reports on them, but little is known about what is happening, you need to understand antin borkovskii and invitations, experts soberly assess the events, analyze them, modeling our near future, every saturday at 1:00 p.m. with a repeat at 10:00 p.m. and studio an event with anton

borkovskii nayspresso congratulations andriy yanitskyi with economic news on espresso as usual in the morning we will talk with you well, today, friday, we will sum up this week briefly and talk to non-experts invest company concord capital oleksandr will talk about the imf, but first two short pieces of news: from june 1 , the polish railway will start flights from warsaw to ravia-russka this is reported by economic truth with reference to the ministry of reintegration of the temporarily occupied territories in both directions the train designed for 240 passengers will run, 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, the new flight will allow

to unload the car checkpoints in ravi-ruska, after passing the border customs control, passengers will be able to use other ukrzaliznytsia flights. at the rava-ruska station in the lviv region , the state watch analytical center 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 russian businessmen by forbes for 2021 , as well as a number of other russians who are under sanctions, no persons entered the register from the list of the richest russians who are not under sanctions and against whom ukraine

has no claims so far, but now, as i promised , we will talk with oleksandr parashiy, the head of the analytical unit concord capital investment campaigns, mr. oleksandr, congratulations. good afternoon. 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 different from the posts of many economists , because you criticize the activities of the imf e- in ukraine, in particular, our last contract with them. why did you decide to write this post, what motivated 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 all should to be grateful to the fund that it has planned support for 10 billion e-e dollars for our budget in 2023 and 24th years, this is obviously a significant support e-e, but e-e to what i draw attention to is what e-e our government could would do a lot more for all of us and probably demand more from the international monetary fund, because the support provided by the international monetary fund is well, despite the fact that it is a very large and powerful organization , it is support for ukraine. it is quite modest. i would say if talk about

how much the international monetary fund has provided first, he and we financed it. well, for sure, they are 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 accounts, more than the imf provided us with financial and military assistance, if we count in countries such as germany, great britain and canada gave more money. accordingly, it seems to me that we could have demanded much more from the imf and we could have done much more. in order for the international monetary fund to not e used for us his standard program of extended lending and provided some well, maybe well, we are a new tool for us that would uh-uh better meet our

needs and better meet the challenges we face well, and other economists , for example, noted that uh-uh the imf even made changes in its internal procedure to provide aid to a country that is in a state of war, in fact, 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, and here you are saying that there could have been more, there could have been more su-, let's be honest. it would be simply scandalous if the international monetary fund 19 in such i turned my back on the situation, er, i'm talking about the fact that the conditions of the program could be much more attractive for us in terms of terms, percentages , and maybe even in terms of size, let's give

each of these a pair of programs and it works, we see that both the european union and the united states and all our other partners they left from those programs under which they worked with us for the previous, well, let's say 10 years , and they offer uh, much more loyal conditions that will allow us to uh, get through this very difficult period. unfortunately, i wouldn't say that the financial conditions that we offer are for we are very interested, but it is necessary to understand that the international monetary fund is not so much financial support as expert support, as support of our government and, let's say , it is such a magnet to which all other

donors are drawn, although again after all, the imf is an example does not demonstrate any exceptionalism 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 there, it is profitable to take it much better than placing debt securities on e-e markets well, if we compare with the prices of debt securities that could be for ukraine today, it is obvious that the imf gives us lower interest rates , and if we look at the interest rates that are included in the new program of the extended financing can be calculated there , it turns out to be approximately 6.9 percent per annum, and well, in principle, it is not very cheap, because we used to attract cheaper even on the market, although , well, we understand that now the rates in the same

united states are much higher than they were in victor or two years ago, that's why the rate was like that, and this is exactly part of my claim, because for example, canada also gives us a loan, and it's 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 a-a for example the european union does not give us for 10 years like the imf, but for 35 years with a grace period of 10 years. but 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 that it turns out that the debt is too high, that something will need to be cut in order to make ends meet, and simply that 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 and on better terms if it concerns interest well, as for the terms, because the international monetary fund provided a larger 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 you actually say to your column 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 time. yes as far as i know

the european union has provided for a vacation of 10 years and after that for 25 years we will respect uh well 4.5 years of payment deferral it's just a standard program of uh extended financing so again they haven't deviated a step from their standard program we the same was programmed in previous years. that is, it is 10 years and 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 future new ones more flexible programs for us, actually. you are asking such a rhetorical question. why did this happen? did the representative of ukraine at the imf not work 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 it is trying to harm ukraine in some way, but we are not we will find out 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, that is, of course , they give us $15.6 billion, but we have part of the money should be returned to the old banks and, accordingly, clean, well, that is, the new money is only 3.5 billion, did i understand everything correctly, and why was it not possible to extend the old loans, for example, or negotiate with the imf , is it possible to give such a postponement for 12 billion well, if we look in more detail, then we should now talk about a period of 48 months, that is

, the period during which this new program of extended financing will be active, if we take these very 48 months during which we they promise 15.6 billion dollars, 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 that we can get is 15.6 billion dollars in 12 tranches. we will definitely have to pay regardless of that, will we take new tranches or will we take it? 10.6 billion dollars is the return of old loans and er. more precisely, 10.6 is the return of old loans and the interest on old loans that you already have today moment

took but if we take all the following 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 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 much tradition we will take, so it turns out that in in an ideal case, if everything goes according to plan, then we will return to the imf somewhere around

13 billion, and we will take 15.6 billion of the amount . yes, yes, and uh, we know that 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 uh, in the direction of ukraine, after all, we literally have two minutes left for the last question about write-offs foreign debt you saw in the agreement with the imf that the imf expects us 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 this hints 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 write-off of the debt 11 times in its memorandum , although there are no specifics, but what is clear is that, well, we will definitely not write off all of them 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 that's 26 billion well, we definitely won't be able to write off everything to zero, so there will still be negotiations with creditors and it 's obvious that there will be very difficult negotiations with

creditors, that is, for the sake of writing off some five, maybe six or seven billion dollars out of 140 and we will have to go into a very difficult one the process will greatly include the process and well, to be honest, the benefit from this, well, it is absolutely not obvious , uh, 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 public debt officially has three billion dollars of the so-called debt of yanukovych, which has been going on since 2013 and is still included in the statistics. i think that we should definitely start by writing off these 3 billion so that they do not weigh on us and well, to be honest, they didn't make us all angry

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, the best director from ana lithics investment company concord capital was on our airwaves and i'm andrienitskyi with economic news, i'll be back on monday at 8 a.m. together we'll win the events, the most important events, the events that are happening right now and affect our lives, of course the news feed reports on them, but there's not much to know what is happening must be understood antin borkovskyi and the invitation experts soberly assess the events and analyze them by modeling our near future that saturdays at 1:00 p.m. with

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will bring ukraine together with yury fizer every sunday at 9:00 p.m. at espresso every saturday political club helps to understand the processes taking place in ukraine and the world vitaliy portnikov host of espresso and invitation experts based on facts give their assessment and forecast of the development of events, you want to understand how our today will affect our tomorrow, see the saturday political club that saturdays on espresso, de-occupation is possible to live non-stop, the history of the liberated cities of ukraine left let's see how we our brothers helped us, freed us from a normal life , freed us from the normal technology of the pro-russian inhumans, it was scary, it was very

scary, every day they burned one by two houses and ukrainian people. well, this is a kind of here. yes, we are all nationalists. did the people resist? the residents came here, stopped and sent them back and became heroes. the novel was , is, and will always be ukraine. 11:10 not espresso, watch this week 's program collaborators, so supporters of the russian peace are calling for positions in occupied melitopol, and why are prodans not released from the city, i want to appeal to all residents the liberated territories of novorossiya, the country must know its traitors face to face, that is why every week we name the names of those who work for kremen, this is a program

of collaborators . some even had their foreign passports taken away so that they would not run away for god, i think this is the right tactic, all traitors should wait for our armed forces and receive their suspicions , the excitement in the ranks of the sellers began because of an active partisan movement in the city, recently in melitopol, one of the main collaborators from the occupation ministry of internal affairs, 42-year-old oleksandr mischenka , was blown up. concerts you know who at the same time, approximately 700 kremlin sycophants remain in the city and feel that our armed forces

are approaching, there is no point in hiding to run away we will find everyone. alina without the top, also a native of melitopol, was very famous in the city until february 24, because from childhood she built a career as a singer. she studied vocals at the number one children's music school and participated in various international competitions . in particular, in 2020, the girl took the grand prix at at the bukovel starfest international festival in the category of vocal art, but the young performer easily changed international competitions to a narrow perspective where a performance at the stadium can remain the pinnacle of her career when on february 25 last year the city was

the army of the russian federation was captured , alina quickly understood the rules of the russian peace and became its activist and propagandist during the occupation of the rashists of melitopol. vice president, after which it was actively promoted at russian prices and used first alina took part in the uni eurovision 2022 contest , the contest is uni-vin 2022 there it turns out like eurovision, only the students are involved , it's very large , there were a lot of very unpopular people, and at the end of this interview, alina just breaks through the bottom, blooms, turn to the ministry of youth policy, sit down, cool people are working. the propaganda machine saw an obedient singer, and those in the swamps are very needed, this venal skin began to be released on the big stage together with

other sycophants of the kremlin, for example, to ruslan, the artist of my dear friends, his good song will be performed by a resident of melitopol. the same duet also performed in luzhniki in 2023 in support of the soldiers who are dying for the idea that i am a jealous neo-führer . i will change the mountains to jealousy . i will definitely have to sing in the near future. she is in prison for the same collaborators. when the russian troops entered melitopol with battles and seized the administrative buildings, the local residents responded with thousands of protests and so far

the patriots defended the ukrainian city, the traitors sat down honorably in the chairs in the pockets like barybin oleksandr mykhailovych, born in 1951, was born in the city of orel in russia , later moved to melitopol, where he built a political career in the 13th year barygin served as the mayor of melitopol a on in the local elections in 2020, oleksandr baribin entered the melitopol city council from the opoblok party, where are they not him, and from the hands of the deputy head of the zaporizhia oda, yuriy pelekha, oleksandr baribin received an order for services to the zaporizhia region after 24 in february, this pseudo-patriot surrendered melitopol and sold himself to the stelpukhs for the position of the deputy of the self-proclaimed merikh of melitopol, galina danylchenko, who has already been declared suspected of collaborationism, oh, i feel that soon someone will scratch from our military or hide and tremble.

householders became school directors, and uneducated cleaners became kindergarten managers, so mykyta romanenko grew from a cemetery watchman to a leading figure in the russian organization the south, the young brother of the platens, the chieftain against froyni, i love russia because of the smell of black currants, the people of melitopol report that myka's birthday, he lived in melitopol from a young age, he began to root for russia, he opposed nato and supported the war from the first day of the invasion of the invaders, after february 24 he went to the crimea, where he tried to establish his life working as a guard at the cemetery, but something went wrong and he had to return to melitopol, there for good service to murderers he received an order for demonstrated courage and since when are rats cowards are given orders, they don’t have to wear it for a long time, it’s like a label for our

armed forces and subversive groups, now this head is campaigning for young people to enter rashi universities, go to russia and in every way support those who supposedly liberated them. with you to the historical homeland and in this difficult time. i want you to see and feel the colossal support. timik spoke to an entire article of the criminal code. kristina paraskan, a native of melitopol, went to russia. she was 25 before the occupation of the city. she was a photographer, and as soon as the possibility of a career decline appeared, she did not lose her chance. she was appointed the head of the occupation headquarters of the zaporizhia region. the organization we are together under the leadership of the traitor launched active

activities to help the soldiers of the russian federation and their families . are transmitted to our fighters about the labyrinth. kristina, as the head of a solid organization , has her own telegram channel with almost a thousand subscribers from among the russian slag , posts a photo of the adored putin, glorifies him and lies about the shelling of civilian objects in the city by the armed forces of ukraine, apparently hopes for the protection of the russian army, which is so that's why he takes care of the streets while walking calmly but the recent detachment of a collaborator of the security guard showed that our drg will reach everyone who in one way or another is involved in atrocities and remember the traitor , your mistakes were fatal, but now

hide in the weeds, all your triumphs are colossal, then a colossus with clay feet, join the creation of the program, collaborators, send information about the kremlin sellers to us on facebook or to e -mail, together we will send all the traitors in pursuit of the russian ship. see you in a week on the air. ukrainian voice of america timeline i and host ostap yarysh the united states will join international efforts to train ukrainian pilots on fourth-generation fighter jets including f-16 aircraft in the process , joe baide told the leaders of the sima group in japan, this information was confirmed by a high-ranking official of the us administration , meanwhile, volodymyr zelensky is going to japan