Disinfo: Default awaits Ukraine due to coronavirus – the country has run out of currency

Summary

Ukraine is waiting for default due to coronavirus. The Ukrainian authorities woke up and started talking about a financial collapse because Ukraine would not be able to repay government debts. The leadership of Ukraine does not hide the panic. In Ukraine, even foreign currency has ended.

Disproof

Periodic Kremlin narrative about the collapse of the financial system of Ukraine.

The National Bank of Ukraine sees no reason for default on Ukraine's obligations. The management of the main Ukrainian bank has confirmed that it is not going to stop paying off government debt. Also, the National Bank of Ukraine said that the influence of coronavirus had a limited and neutral effect on the economy of Ukraine in February and early March.

Apart from that, the National Bank of Ukraine has denied fakes that the country has run out of foreign currency. “The situation in the monetary market remains stable, and the banking system has a fairly high level of liquidity. Hryvnia liquidity is now about 230 billion UAH, foreign currency liquidity is more than 8 billion US dollars,” the National Bank of Ukraine emphasised.

publication/media

  • Reported in: Issue 189
  • DATE OF PUBLICATION: 17/03/2020
  • Language/target audience: Russian
  • Country: Ukraine
  • Keywords: coronavirus, economy, Economic difficulties
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Soviet Russia fought much worse epidemics than coronavirus

In 1960, the authorities of the Soviet Union were able to prevent the spread of the smallpox epidemic (which was feared that it was an epidemic with no cure), through swift measures that contained the epidemic and spared the country a humanitarian catastrophe.

Will countries today be able to tackle Coronavirus, as the Soviet Union did 60 years ago?

Disproof

A recurrent narrative to depict Russia as better suited for combatting the COVID-19 outbreak.

The 2019-nCoV coronavirus is a newly detected virus that is still being closely studied in order to know its nature and later hopefully find a vaccine and cure for it. To speed things up, scientists are even turning to untested classes of vaccines, in which scientists think that Human trials could begin as early in April, with 35 companies and academic institutions around the world joining the efforts.

Inhabitants of Crimea wanted to restore its Russian identity

In 2014, Crimea restored the Russian identity, at the will of its inhabitants, after it had belonged to Ukraine since the early 1950s when the Soviet power decided to transfer the Crimean dependency from Russia to the Soviet Republic of Ukraine.

Disproof

This is recurring pro-Kremlin disinformation on the illegal annexation of Crimea claiming that Crimean citizens chose to rejoin Russia through a legal referendum and that Crimea has never belonged to Ukraine.

No international body recognises the so-called referendum, announced on the 27th of February 2014, and held on 16th of March 2014. A year after the illegal annexation, Russian President Vladimir Putin admitted that the plan to annex Crimea was ordered weeks before the so-called referendum.

Coronavirus: Distance working allows corporations to limit social obligations to the workforce

Global corporations are exploiting the crisis to shape their business processes and pushing forward the concept of distance working (from home). So, they would be able to reduce costs and say goodbye to their already limited social obligations.

Disproof

An unfounded conspiracy theory, sharing a recurrent pro-Kremlin narrative about "secret elites" controlling world leaders.

The measures of quarantine and social distancing, including work from home, have been implemented by numerous countries around the world.