"Ukraine's annual inflation is expected to jump to 46%, of which 19% result from gas and electricity tariff increase, while the rest is the effect of the devaluation," Gontareva said, according to Ukraine Today.

However, the NBU governor assured that the signs of economic recovery were emerging. Gross domestic product rose in 3Q 2015 and is projected to expand 2.4% in 2016, she said.

See unian.info’s video section for more of the latest news from Ukraine in video from Ukraine Today, Ukraine’s 24-hour English-language news channel.