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Figure of the day. Over information stress, Ukraine loses up to $3 billion monthly

According to the Office of the President (OP), Ukraine is losing up to $3 billion monthly over the dissemination of information about the risk of escalation. Rostyslav Shurma, Deputy Head of the OP, gave such calculations in an interview with RBC-Ukraine.

Quote"We see that irrecoverable losses amount to $2-3 billion a month in such a stressful situation as it is now. These are halted investments, and additional inflation, losses in the tourism sector, and reduction in air travel," he said.

According to his forecast, if the information situation stabilizes, "at least in such a state as it is now", there will be no such amount of losses as early as in two months.

The official added that a separate item of losses—$1.5-2 billion—is "speculative pressure on financial markets." It, according to Shurma, affects the exchange rate and prevents borrowing.

In total, according to the OP’s calculations, Ukraine needs a "cushion of $4-5 billion." These funds should be enough to continue implementing the planned state programs.

Quote"Today, the budget appears in such a way that it is completely closed due to cooperation with international financial organizations," Shurma summed up.

Context. Recall: on February 19, amid the security situation around Ukraine, airlines of the Lufthansa Group (Lufthansa, Austrian Airlines, and Swiss) announced the suspension of most flights to Ukraine from February 21 to 28.

Earlier this month, Washington formally offered Ukraine $1 billion in sovereign loan guarantees. Moreover, in February, the Council of the European Union also approved the decision of the European Commission (EC) to provide Ukraine with an additional €1.2 billion in macro-financial assistance.

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