Deputy Chairman of the National Bank of Ukraine Oleg Churiy stated that in the absence of support from the International monetary Fund, the Ukrainian authorities will lose control over the hryvnia exchange rate. And the growing external debt could trigger default.

It is reported by Ukrainian edition of “Vesti”.

According to officials, only the IMF will help Ukraine to pay off its international creditors. If the IMF does not provide the next tranche, Kyiv is simply not able to meet its debt obligations. Thus, they default.

Cure also noted that the Ukrainian authorities will not be able on their own to keep the hryvnia exchange rate. In order to avoid financial disaster, the authorities will have to seek help from international lenders. According to officials, in the coming years Ukraine will have to return to creditors of order of $ 12.5 billion.

Earlier it was reported that the national Bank of Ukraine has declared its intention to introduce sanctions against Russian Sberbank.

It was also noted that the Ukrainian chemical enterprises stop production because of a shortage of gas.