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Former director of Zaporizhstal: news about Russia's invasion costs Ukraine $3 billion a month

Ukraine

According to Rostislav Shurma, a $4-5 billion budget "cushion" should be enough to continue the previously planned state programs.

Former director of Zaporizhstal: news about Russia's invasion costs Ukraine $3 billion a month

The irretrievable losses of Ukraine from the dissemination of information about the invasion amount to 3 billion dollars a month. This was stated by the former director of the Zaporizhstal metallurgical plant of the Metinvest group, and now the deputy head of the presidential office, Rostislav Shurma, in an interview with RBC-Ukraine.

At the same time, the official noted that the budget of Ukraine is completely “closed” due to cooperation with international financial organizations.

“We see that irretrievable losses amount to 2-3 billion a month in such a stressful situation as it is now. These are stopped investments, and additional inflation, losses in the tourism sector, and a reduction in air travel. There is also speculative pressure on financial markets, which blocks borrowing, puts pressure on the exchange rate, <...> it is about $1.5-2 billion,” he said.

“If the stress level is the same, then this is the monthly loss since January. If the situation stabilizes informationally, at least in such a state as it is now, then the pain threshold will rise and in two months there will be no such losses,” Shurma said.

From 2012 to 2019, Shurma headed the Zaporizhstal metallurgical plant of the Metinvest group of Rinat Akhmetov and Vadim Novinsky, and now he is a member of the Supervisory Board of Ukroboronprom. After his appointment, Vladimir Zelensky called him "a very powerful person."

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