Ukraine’s financial risks have markedly reduced due to the refusal to sign the Association Agreement with the EU, according to the Bloomberg agency.

The analysts connect improvement of the situation with hopes of investors for possible financial assistance that Ukraine will receive from Russia after refusal to follow the European integration course. According to Bloomberg, Kyiv must spend $ 15 billion in the next two years on public debt service.

London economist Tim Ash commented on the situation: "Some investors hope for more financial aid from Russia, loans and cheap gas. Thus, Ukraine will soon resemble Belarus - not the best example of democracy, but due to access to the Russian financing, possibility of financial risks and default decrease (Belarus - auth.).

Analysts say that after news of change of Ukraine’s foreign policy, hryvnia strengthened against both dollar and euro.

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