The war launched by Russia against Ukraine will last for a long time, approximately until the end of 2023, and will lead to a significant drop in living standards in Ukraine, such forecasts are laid down for decision-making by the founder and head of Concorde Capital investment company, Ihor Mazepa.

"I think that (the end of active hostilities) is the end of 2023. Putin and Russia, with all our bravado, can fight for as long as they like, for example, five years. It's clear that we won't give up either, and there's no reason for talk: we need to return our territory, including Donbas and Crimea," he explained his expectations to the Interfax-Ukraine agency on the sidelines of the Ukrainian Breakfast organized by the Pinchuk Foundation in Davos.

At the same time, Mazepa specified that naming the exact date for the end of active hostilities now is "of course, more of a finger in the sky."

Commenting on his forecast a month ago that Ukraine "will return to 1996, to salaries of $150 equivalent, and this will be considered the norm," the head of Concorde Capital noted that "everything is going there very confidently: $150-200."

According to him, international financial assistance is sufficient only "to keep the pants on" so that the government pays social obligations – UAH 5,000-6,000 per month.

"In such a long-term protracted war, it is clear that there is no full-scale restoration of business, the economy ... We shrank, we left the backbone on which we can then build up muscles when there is a reason to build them up," Mazepa described the situation in the company.

Concorde Capital is one of the leading Ukrainian investment companies founded in 2004. In addition to brokerage and investment services, it is also engaged in direct investments in such areas as medicine, the construction materials market, real estate, energy, mining and IT.