Oleg Bakhmatyuk: Ukraine can do without the IMF. We can raise 150b in investment

Oleg BakhmatyukOleg Bakhmatyuk

The owner of one of Ukraine’s largest agricultural holding companies, Ukrlandfarming, Oleg Bakhmatyuk, explains how global market trends could help Ukraine survive without IMF loans and raise 150b in investment if it pursues the right policy. 

That’s according to his interview with Dmytro Gordon.

The businessman discusses this in an interview to Dmitriy Gordon. “Global markets are favourable to Ukraine. The monetary policy of the past two years has led to the world economy being pumped up with money spurring up inflationary processes, in particular in commodity space. We are in luck for the first time. Ukraine could close the year for the first time with a trade surplus. In fact, Ukraine does not need the IMF in the next 3 years. It’s not going to have a trade surplus as large as China’s of course, but it’s going to have an extra 10-15 billion dollars anyway”, the businessman said. 

“In principle, life is not going to get worse. It’s pretty good already, isn’t it? The question is is life going to get better? There’s RCEP, there’s the 5 countries of ASEAN – Malaysia, Indonesia, Singapore, the Philippines, Thailand, Australia, New Zealand, Korea, Japan and China. There are 15 countries. I didn’t name them all.  Their population is 2.2 billion people. This is the largest economic space in the world. Its share is 32% currently. Those countries are buying ores from Ukraine, grains, vegetable oils for 15-20 billion dollars per year.  Those are vitally important products for them”.

According to the businessman, commodity prices are rising. “They are going to grow 10-15% per year. Can you imagine now the kind of numbers we can be talking about? We build a strategy and then go out and tell people: here’s supply commitments for 10 years in exchange for 150-200 billion in investment. Interested?  Yes. I’m sure 110% they will say yes. They say: we want to improve the infrastructure, we want to upgrade the rules of the game in this country, legislatively, legally. And we need 150 billion dollars for that. Out of that, 50b dollars would come as investment in Ukrainian debt at a yield of 2%, 25 – to settle with everyone, 5 – to invest in infrastructure, roads to move your grain, ores, etc. And another 100 to be invested in ports, development, value added products. Please buy our poultry though, instead of our grain. Or beef. You invest 30% and you become co-owners. This is real. I’m sure of that because I’ve done it”.

“Ukrlandfarming” is one of Ukraine’s largest agricultural holding companies, specialising in growing oilseeds, cereals and seeds, cattle farming, egg farming and processing.  The company is owned by the Ukrainian businessman Oleg Bakhmatyuk.

Read more on UNIAN: https://www.unian.info/economics/oleg-bakhmatyuk-ukraine-can-do-without-the-imf-we-can-raise-150b-in-investment-11447212.html

(c)UNIAN 2021

3 comments

  • It’s not going to have a trade surplus as large as China’s of course, but it’s going to have an extra 10-15 billion dollars anyway”, the businessman said.
    10-15 billion dollars TRADE SURPLUS FOR UKRAINE, THATS ENORMOUS! Ukraine’s economy kicks off, slowly despite the Clown.
    Never waist a good crisis, Ukraine knows this very well.

    Liked by 2 people

  • onlyfactsplease

    Ukraine doesn’t need the EU either. Preserve your pride, your freedom and your balls and stay out! Ukraine can grow and prosper without the ball and chain. Look to Switzerland as a shining example.

    Liked by 2 people

    • I was in favour of Ukr joining the EU, even though I loathe this squalid empire, simply because poor countries do very well out of it. Take the examples of Ireland and Poland, both of which are now net contributors. However, recent EU behaviour has changed my viewpoint. It was a stated aim by Brussels to make Brexit as difficult as possible even if it hurts itself. Does anyone want to be part of such a negative cabal which originally was set up to just trade only and to stop the Franco-German wars? The people of the U.K. helped their recovery after WW2 and even went on rations themselves to help feed them. Yet we have had nothing but nasty retaliation since the Brexit vote. The frogs and krauts have the morality of a Port Said suck-artist.

      Liked by 3 people

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.