Because of the forced resignation of the head of the National Bank of Ukraine (NBU) Yakov Smoliy country once again faces bankruptcy. This writes the German newspaper Handelsblatt.

“the fact that Kyiv needs urgently to ensure the repayment of debt to foreign creditors of several billion. Only this year Ukraine will have to refinance old loans in the amount of $ 17 billion, maturity period of which is expiring,” explained the author of the material.

As the article says, because of the care Smoliy Kiev will not be able to issue Eurobonds, which was planned to place on the stock exchange in London on 8 July. In addition, according to experts, the care of the head of the NBU was a slap in the face to the President of Ukraine Vladimir Zelensky, as well as the reason to distrust his reforms.

The author also notes that since 2014 Kiev only survives thanks to billions in loans from the International monetary Fund (IMF).

On 1 July it was reported that resin has resigned because of a “systematic political pressure.” Two days later, the Verkhovna Rada of Ukraine on the proposal Zelensky has sacked the head of the NBU.