Oleg Tsarev Explained What Ukraine Missed Out When Assessing the Losses From the War in Donbass

Translated by Ollie Richardson & Angelina Siard



The former Deputy of the Verkhovna Rada and Ukrainian politician Oleg Tsarev evaluated the announcement of the Deputy Minister of Defense Ivan Rusnak that Ukraine lost $50 billion because of the conflict in Donbass. According to Tsarev, this number is only true if the representative of the government in Kiev didn’t count the indirect losses, which by themselves can amount to astronomical sums.

“$50 billion is only direct losses, which can be confirmed. But there can also be indirect ones: losses of investment and the deterioration of the general investment climate in Ukraine. And if to add there the signing of the agreement on association with the European Union and the loss of the market with Russia, which aren’t counted in direct ruble, then there would be much more amounts,” he said.

According to Tsarev, these indirect losses are rather difficult to count, because here, just like in business, a question arises that is connected to such a concept as missed profit.

“It’s not the same as, for example, when ten thousand rubles was looted from the wallet in your pocket, and you immediately can count the suffered damage. Here it is a completely different, more difficult calculation,” stated the politician.

We will add, Kiev incurs additional losses because of the cancellation of the contract on military and technical cooperation in Russia that acted since 1993, which the government in Kiev declared in May, 2015. The introduced by Moscow since January 1st, 2016, restrictions for transit of Ukrainian goods to Kazakhstan, Kyrgyzstan, and other Asian countries also struck a blow to the pocket of “independent” Ukraine. One more item of expenditure — the gas war, which was torn between Gazprom and Naftogaz, and also the Crimean Bridge, because of which fewer ships will come into the ports of Mariupol and Berdyansk.

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