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No economic reasons for reducing Ukraine’s rating - acting first vice-premier

February 05, 2014, 16:55 UTC+3 KIEV
There are no economic reasons to reduce Ukraine's rating and devaluating the currency, acting first vice-premier Sergei Arbuzov said
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KIEV, February 05. /ITAR-TASS/. There are no economic reasons to reduce Ukraine's rating and devaluating the currency, acting first vice-premier Sergei Arbuzov said.

“This is conditioned by political instability,” the acting first vice-premier said.

At the same time, he said, “The degree of conflict is decreasing and the government pledges to maintain stabilisation”.

In compliance with the Ukrainian National Bank pay balance of 2013, it is positive amounting to two billion dollars when it was negative in 2012, Arbuzov said.

“Every day of confrontation and the unwillingness to reach compromises weakens Ukraine, economically first of all that is why rating agencies reduced the country’s rating due to political instability although in early January the prognosis has been positive,” the acting first vice-premier said.

He regretted that the executive authorities of certain regions could not work in full because administrative buildings had been seized by protesters.

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