Prices for Ukrainian Eurobonds fell almost to the level of the crisis end of February 2022. Then the depreciation of government securities was affected by the attack of the Russian Federation on Ukraine and the pessimism of investors about the future of our state. The current downturn is likely driven by investors' realization that the war will be long and debilitating.. Expectations of international investors are extremely pessimistic. They do not believe in the viability, not so much of Ukraine as of its financial system, in the ability of the government to fill the budget and pay off debts in a timely manner.

Lack of understanding of the future situation adds a fixed hryvnia exchange rate, investors understand that when the NBU releases it, the solvency of Ukraine will decrease, but how much is unknown. This uncertainty scares off the investor! This is what ZN experts say. U.A..

And the behavior of the Ukrainian Ministry of Finance is hardly understandable for investors. The Ministry of Finance essentially refused to increase the yield of our bonds, despite the increase in the key rate by the National Bank, they explain this by the fact that buying Ukrainian bonds is about patriotism, not about earnings.

Well, investors are reminding our Treasury Secretary in such an inelegant way that for them it's always "

And given that all the developed countries of the world have raised key rates in recent months, investors have alternatives that are much less risky, but at the same time quite attractive in terms of profit.

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It was reported that the growth of foreign aid to Ukraine in June reduces the pressure on the hryvnia. The exchange rate of the US dollar against the hryvnia this summer will be stable and not subject to significant fluctuations, despite the Russian war in Ukraine.