KYIV, Jan 23 – The owner of the EVA and VARUS retail chain, Ruslan Shostak, attributes the deterioration in the mood of Ukrainian business in recent months largely to a psychological factor, considering it temporary and confirming the previously announced large-scale investment plans.

"I believe that this is a psychological issue: people's mood is changing. Now, it is bad. There are no changes at the front, there were too much expectations from the offensive. Therefore, business reacts not so much professionally, but more psychologically, like ordinary people. But I am sure that this is a temporary story," he told Interfax-Ukraine on the sidelines of the Ukraine House in Davos on January 16.