Egypt to receive 15 Russian 'Alligator' helicopters in 2017Military & Defense August 22, 19:57
Christophe de Margerie LNG tanker covers Northern Sea Route in record 6.5 daysBusiness & Economy August 22, 19:32
Kirill Serebrennikov dismisses fraud accusations as absurdSociety & Culture August 22, 19:18
From climate to transport: Arctic projects of Russian and Japanese scientistsBusiness & Economy August 22, 19:10
Trump’s Afghan strategy implies attempts to address issues by military means — analystWorld August 22, 19:00
Russian defense chief tests new neural network-based combat moduleMilitary & Defense August 22, 18:41
Poroshenko seeks to discuss alleged nuclear missile supplies to North Korea in UNWorld August 22, 18:31
Blockchain technology may be introduced in Russia’s armed forcesMilitary & Defense August 22, 18:20
US extends sanctions against North KoreaWorld August 22, 18:00
KIEV, October 18. /TASS/. Kiev’s inclusion of Russian payment services into the renewed list of anti-Russian sanctions will negatively affect Ukraine’s balance of payments, and will force guest workers to use illegal ways of currency delivery to the country, Ruslan Bortnik, the director of the Ukrainian Institute of Policy Analysis and Management, told TASS on Tuesday.
"Sanctions against Russian payment systems will even more reduce the legal inflow of currency to Ukraine," Bortnik said.
He recalled that in line with official data, Ukrainian guest workers transferred $1.2 billion via banking payment systems to Ukraine last year.
"And it is clear that now this sum will considerably decrease, and the money will either stay on the territory of the Russian Federation or be brought in illegally in cash, like it was partially brought in earlier," the political scientist said.
Bortnik said imposition of sanctions "was to a certain extent a necessary action for the president, which will certainly negatively tell also on Ukraine’s balance of payments and will pressure the exchange rate of the hryvnia against key currencies."
The expert admitted that Ukrainian migrants who work in Russia will retain a minimum alternative during selection of payment systems for transfer of earned money home in the form of, for example, Western Union or some Baltic systems, but "their services are more expensive, and they do not work everywhere."
Earlier Tuesday, the press service of Ukrainian President Pyotr Poroshenko published a renewed list of Russian individuals and legal entities against which Kiev imposed sanctions. The legal entities list includes the payment systems Zolotaya Korona, Kolibri (Sberbank), Leader international money transfer system, Unistream, Anelik and Blizko.