You're reading: Mylovanov: Oil prices increase negatively affects Ukrainian economy

Minister for Economic Development, Trade and Agriculture Tymofiy Mylovanov negatively assesses the impact of rising oil prices on the Ukrainian economy.

“In general, it is not yet clear [how this will affect the economy]. The increase in oil prices negatively affects the economy of Ukraine,” he wrote on Facebook.

The agency has not yet been able to receive additional comments.

As reported, global markets are reacting violently to the news of the death of Iranian general Qasem Soleimani as a result of an attack by U.S. military forces on the airport of the capital of Iraq, Baghdad. Based on this information, oil prices have risen to highs since September, their rise during trading exceeded 4 percent following this information. According to Bloomberg, the increase in Brent crude oil prices is 3.6 percent.