President of the American Chamber of Commerce: “Some companies stop investments for being unpredictable”

The resignation of the head of the National Bank of Ukraine Yakov Smoliy is an alarming signal for investors, believes the President of the American Chamber of Commerce Andriy Gunder. He stated this on the air of Radio Liberty. According to Gunder, some international business companies are “watching what will happen next” and are stopping their investments in Ukraine for now.

“The companies trusted the National Bank, because it was an independent organization that kept inflation and gold and foreign exchange reserves in check. The National Bank’s policy was clear and predictable. Business wants to have some kind of predictability and without this predictability, companies have announced publicly that some of them are stopping further investments until it is clear what the next steps will be and what can be expected next, ”Gunder said on the Freedom Live program.

See also: “There is nowhere worse” – Danilyuk on how the resignation of Smoliy will affect investments in Ukraine Earlier, on July 3, the Verkhovna Rada supported the resolution on the resignation of the head of the National Bank Yakov Smoliy. On July 1, he wrote a letter of resignation of his own free will for “systematic political pressure.” The President’s Office assured that the National Bank will remain an independent body. Yakov Smoliy has been the chairman of the NBU since March 2018.

His resignation has raised concerns among investors and the business community.

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