On October 24 of this year, the Prime Minister of Ukraine Arseniy Yatsenyuk announced that the fall of the Russian ruble exchange rate has a negative impact on the financial situation in Ukraine.
“In fact, today is a ‘Black Friday’ for the Russian economy and the Russian ruble. Usually, after this, we get a wave of financial instability due to the insolvency of Russia“, – said the head of the government then.
Meanwhile he continues to urge Europe to impose new sanctions against Russia.
On December 8, during a joint press conference with Vice-Prime Minister, Minister of Foreign Affairs of the Kingdom of Belgium Didier Reynders, Yatseniuk said:
“I emphasize once again that Russia is obliged to fulfill the Minsk agreement. And if Russia will continue to pursue an aggressive policy against Ukraine and against the whole world, it must continue to pay the price. Including to pay the price for new sanctions, and to pay the price for our unity – of EU countries, Ukraine and the United States.”
That the Russian ruble is falling because of sanctions and oil prices, only the lazy experts and journalists failed to claim. This is, for example, what Reuters wrote in September of this year:
“The ruble began trading Thursday with minor losses in anticipation of development of a situation around the adoption of the new Western sanctions and against the background of global and local demand for the US dollar, as well as conditions of cheap oil”.
It was also stated by Prime Minister Dmitry Medvedev just a few days ago:
“Obviously, the rouble rate is affected by a number of factors. First of all, of course, oil prices,” – said Medvedev in an interview to a Federal TV channel, adding that if oil prices fell by almost two times, the rouble was bound to weaken.
The second factor Medvedev called the sanctions imposed against Russia.
“Such sanctions still create certain expectations, as financiers like to say, and these expectations affect the moods of companies, and ordinary citizens, and therefore this way or another it affects the situation with the rouble,”- he explained.
Thus, everyone sees the connection between the price of oil, sanctions and a fall of the rouble. Except Arseniy Petrovych. Because on Tuesday, December 16, Prime Minister of Ukraine managed to make absolutely contradictory statements.
First, he tells reporters that the exchange rate in Russia creates problems for Ukraine.
“The fact that there is a financial disaster in Russia today, when the Euro reached 100 rubles, will also have an objective impact on the Ukrainian economy…. Russia is creating economic problems for us, as always,” – said the Prime Minister.
And then he makes a truly brilliant statement at a conference in Brussels:
“Further sanctions? But they are already working. Look at the price of oil. If it will be $38 (per barrel) – it will be better. This is also for the benefit of the Ukrainian and European economy, if we pay less for gas and oil,” – said Ukrainian Prime Minister.
Either Arseniy Petrovych is hopelessly stupid and doesn’t understand how sanctions and the fall of oil prices (which he is so happy about) affect the rouble exchange rate, and therefore – the Ukrainian economy (according to his own words).
Or he understands everything and intentionally wants to destroy the economy of Ukraine, when urging the West to impose new sanctions against Russia.
Translated by Kristina Rus for ForRuss.blogspot.com