Russia, Turkey report 14 ceasefire breaches in Syria per dayWorld January 18, 19:17
Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
OSCE says preparations for talks on Transnistria to begin in near futureWorld January 18, 18:15
About 1,500 officials may attend Arctic ForumBusiness & Economy January 18, 17:38
Russia, Turkey conducting first joint air operation against Islamic StateMilitary & Defense January 18, 17:20
Austria as OSCE chair to strengthen monitor mission in Ukraine — top diplomatWorld January 18, 17:14
Russian food inflation declines threefold in 2016 — Central BankBusiness & Economy January 18, 17:01
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.