Ukraine "wins" 27 Billion in aid from IMF, set to hike nat gas prices 50%

[DFF]

Yeah, finally some help for those poor, oppressed Ukrainian bankers and politicians!

(Reuters) - Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia's annexation of Crimea, while Moscow's economy minister acknowledged that his country's growth would slow dramatically as funds flee abroad.

The International Monetary Fund announced a $14-18 billion standby credit for Kiev in return for tough economic reforms that will unlock further aid from the European Union, the United States and other lenders over two years, effectively pulling Kiev closer to Europe.

...paid for naturally by the people!

Ukraine's new leaders, in a step the ousted government had balked at, said on Wednesday it would raise the price of gas for domestic consumers by more than 50 per cent from May 1 and would raise prices further under a fixed timetable to 2018.

The move is certain to dent the popularity of Prime Minister Arseny Yatseniuk's interim government, but met the demands of the International Monetary Fund.

http://www.reuters.com/article/2014/03/27/us-ukraine-crisis-idUSBREA2Q0MR20140327
http://www.reuters.com/article/2014/03/26/us-ukraine-crisis-gas-idUSBREA2P1EY20140326

 

[UWDude]

Ha, prices go up on may day.

I am more and more believing, this is part of the worldwide communist revolution scheme warned about by Anotoliy Golytsin.

 

[HOLLYWOOD]

Right off the bat, $5 Billion is owed to Russian energy giant Gazprom. Then there's the debt owed to the Russian government, so...

"The Socialists, for all intended purposes, are the useful idiots of the Marxists... they will be in denial right up to their execution..." Yuri Leonidovich Brezhnev

BTW, Ukrainian evangelical Baptist, president Oleksandr Turchynov has declared war on the very small groups(useful Idiots) that were manipulated by TPTB into overthrowing Ukraine's democratically elected Yanukovych government. You won't see the US State Department's result of turning yet another country into a shithole on "U.S. Corporatism TV:. Today's US Media propaganda is nothing but "100,000 Russia Troops on Ukraine's border ready to invade... blah blah"

Now look what has happen a few hours ago in Kiev:


UK Mail Online: Fears of Neo-Fascist uprising in Ukraine as Far-Right Group Storms Kiev Parliament and Ex-President Calls for Independence Vote

• Hundreds of members of neo-fascist Right Sector storm parliament in Kiev
• They're angry over death of leader Oleksandr Muzychko in police shootout
  
• Former president calls for regional vote to find how pro-Russian country is
• Obama calls on Russia to take more steps to reduce tensions in Ukraine
• Russia says ethnic minorities in Ukraine are 'living in fear' of the far right

Nothing better says "A Committment To Excellence" like a Oakland Raiders Jacket, Eh?

 

[Zippyjuan]

The government has been subsidizing energy costs to win support from the people. They are removing those price supports to try to help their budget problems. Unpopular but necessary.

 

[Brian4Liberty]

Another successful economic hit.

 

[UWDude]

The government has been subsidizing energy costs to win support from the people. They are removing those price supports to try to help their budget problems. Unpopular but necessary.

can you believe this goon?

LoL

 

[HOLLYWOOD]

The government has been subsidizing energy costs to win support from the people. They are removing those price supports to try to help their budget problems. Unpopular but necessary.

The Russian-Ukrainian free trade deal(s), offered discounted pricing by Russia energy companies(Gazprom and RosUkrEnergo, it was not subsidized by the Ukrainian government aka taxpayers. Now since those deals is busted, the already poor people of the Ukraine are going to be even poorer.

I'll wait for the next nail in the Ukrainian coffin when the puppet government buys from the western Military/Security Industrial Complexes... which will be paid for by the Ukrainian and American citizens with the same old inflationary related fees/taxes/costs and dilapidated infrastructure to follow... back to the future we go.

 

[Lucille]

Jim Sinclair: By the time the IMF gets finished making Ukraine into Greece they will be praying to become Russians as well.

 

[Demigod]

Ukraine is so done it is not even funny.The EU told them today that there is no way they can join in the near future,and for them near is 10-20 years.If Ukraine manages to get out of this and survive for 20 years it would take them to have such a leadership that in 20 years they would not need to join the EU.They owe money to everyone,most of their trade is dependent on Russia,militias are controlling parts of the country ( what makes it worse parts is that are parts that support the current government ) + they have the Russians who will wreak havoc in the South and East.If Augustus ,Philip II,Bismarck,Alexander II from Russia and Mehmed II would come from their graves they could not get them out of this mess,let alone some puppets.

 

[Brian4Liberty]

So predictable...

http://www.ronpaulforums.com/showthread.php?445421-New-Ukrainian-leader-promises-Greek-syle-economy/

 

[Cabal]

Don't Be Fooled: The IMF Stands For and Operationalizes US Power

Simon Johnson, former chief economist of the IMF and currenty a professor at MIT Sloan, gets it right:

The IMF is founded on the premise that it represents cooperation between all of the countries of the world. The reality is that it stands for and operationalizes US power, in cooperation with America’s closest allies.

Anyone who doubts that should review a recent letter orchestrated by the Bretton Woods Committee, addressed to Congressional leaders on behalf of an impressive array of former Republican and Democratic cabinet secretaries. The first paragraph reads, “The IMF has always been a valuable tool for advancing US national interests globally.”[...]The US does not dictate what happens at the IMF, but it does have a disproportionate influence.

The letter Johnson cites states this:

The IMF has always been a valuable tool for advancing U.S. national interests globally, from helping navigate the Latin crisis of the 1980s to supporting the Arab Spring countries today with policy advice, technical assistance, and financial support. During the recent, unprecedented financial crisis, the IMF intensified support for affected countries and helped to stabilize their economies and maintain growth. It is important that the United States support the Fund, because of the returns it brings to our nation going forward.

In February, before the coup even occurred in Ukraine, Treasury Secretary Jack Lew told a group at the World Affairs Council in San Francisco:

At the core they have an economic crisis and they are going to need to deal with it. And the mechanism that's best for Ukraine to deal with it would be to come to the IMF and have a package where they put in place economic reforms where they get the support that they need in exchange for the steps to fix their economy.

From NYT on Thursday:

After three weeks of urgent negotiations with the interim government of Ukraine and in an atmosphere of great power competition, the International Monetary Fund announced on Thursday an agreement to provide up to $18 billion in loans over two years to prevent the country’s default.

It should be noted this money isn't going to the people of Ukraine. It is going to the banksters who have previously loaned money to Ukraine. And the loans will keep Ukraine under the thumb of the U.S.