Ukraine faces risks of the ruble expansion in the country and expansion of currency reserves at the expense of the ruble, this is rather a risk for Ukraine than benefit, Economic Programs Director of the Razumkov Center Vasyl Yurchyshyn told a round table named Possible Risks of H2 2011, UKRINFORM reported.

Among the risks for Ukraine, the expert singled out three main moments: dull internal economic dynamics; global slowdown of the world economy renewal; the Russian factor, both political and economic components.

He also noted that the Russian economy remains weak, it loses in the growth, the ruble rate depends on the oil price and attempts to peg to such an economy, which is so "dependent on raw materials," is a risk for Ukraine.

"And taking into consideration the fact that large Russian banks entered the banking system of Ukraine, whose profits occupy 20% of the first twenty largest banks of Ukraine, it is an influential instrument," Yurchyshyn underscored.

Earlier, it was reported that the number of banks increases in Ukraine, offering deposits for business in rubles. By the end of June, already six banks in the country from among 25 leaders of the service market for entrepreneurs are offering deposits in the Russian currency.

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