War for Some but Profits for Poroshenko

‘Over the course of the last year, while Ukraine bled and grew poor, Poroshenko’s firm Roshen increased its profits by a factor of 9!

This is complete nonsense. An economic miracle! It is hard to believe, but the confectionary firm Roshen which belongs to President Poroshenko increased its profits by a factor of 9, to 34.8 million hryvnya.

At the same time Ukraine’s economy is in pre-default state. The country’s gold and hard currency reserves had shrunk to an absolute minimum, from 20 billion to 7 billion dollars. Hryvnya devalued sharply, from 8 to 20 hryvnya to a dollar (up to 30 on the inter-bank exchange). Salaries and pensions have been frozen, utility payments went way up. Everything is collapsing. Only the president’s personal business is flourishing.’

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