KYIV, Dec 9 - Potential military aggression by Russia lowers the price of Ukrainian assets and increases inflation risks, Sergiy Nikolaychuk, the deputy head of the National Bank of Ukraine (NBU), said.

"Today's decision [on the refinancing rate] took into account a number of pro-inflationary risks and in the first place we highlighted the strengthening of geopolitical risks associated with a possible military aggression from the Russian Federation. Unfortunately, it is precisely because of this factor that we saw a decline in prices for Ukrainian assets, additional pressure on the foreign exchange market, which, of course, did not help reduce inflation," he said during a press briefing.