Can the US deal a blow to EU and Russia together over Ukraine?

EU-Ukraine Summit, 25/2/2013. Viktor Yanukovych, President of Ukraine, Herman Van Rompuy, President of the European Council, José Manuel Barroso, President of the European Commission. ("The Council of the European Union" photographic library).

EU-Ukraine Summit, 25/2/2013. Viktor Yanukovych, President of Ukraine, Herman Van Rompuy, President of the European Council, José Manuel Barroso, President of the European Commission. (“The Council of the European Union” photographic library).

Within 24 hours the agreement that the European Union brokered in Ukraine was turned into a worthless paper by around 200 MPs and some hundreds of heavily armed ‘protestors’ in Kiev. Given that the power behind this radical change in the Parliament couldn’t be Russia or the EU it has to be Ukraine’s proper oligarchs, the most important of whom run numerous parliamentary groups of their own. The deeply rooted corruption in the country has led that the business and government are closely interrelated.

On Saturday, only hours after the agreement between Victor Yanukovych and the Ukrainian opposition party leaders had been signed and endorsed and also signed by three European Union ministers of Foreign Affairs (German, French and Polish) representing the EU Foreign Council, the Ukrainian Parliament rendered this pact void. In direct violation of the aforementioned pact, the legislative voted Yanukovych out of his office and appointed as interim President the speaker of the house Oleksander Turchinov. Yanukovich left Kiev and went to his native city of Donetsk where he has strong local support. After the Kiev Parliament votes, the MPs of the eastern Russian speaking provinces along the Russian borders and the representatives of the southern peninsula of Crimea gathered in the old capital city of Kharkiv and denounced the authority of the legislative.

East and South denounce Kiev

As things have turned out, Moscow lost the day in every respect, political and economic. For one thing, the Russian backed President lost his grip on the capital Kiev. As a result, the association agreement he has signed with the Putin inspired Eurasian Union (EAU) is now in the air. The EAU presently comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. However, if Ukraine joined it instead of the European Union, the EAU could assume an important role in the world geostrategic arena. The special weight of Ukraine could have turned the Eurasian Association from a Moscow attempt to increase its sphere of influence, into a considerable economic and political player.

So Moscow has definitively lost the option of ever incorporating Ukraine in the EAU, at least not in one piece. Secondly, Russia also appears now to be loosing large chunks of money as the largest creditor of the country. Moscow has so far lent to Kiev at least $80 billion, without counting the extra $15 billion in new soft loans if Ukraine joined the EAU. On top of that, the Russian natural gas monopoly, Gasprom, has agreed to sell its product to Ukraine for a very low price and also offered a favorable arrangement for old debts.

Moscow loses

Speaking of gas though, the new pro-western regime in Kiev will soon face the wrath of the Kremlin. Ukraine imports almost 80% of its needs in fossil fuels from Russia always at favorable terms and credit. However Moscow, being now denounced by Kiev’s new rulers in the streets and in Parliament as a hostile neighbor, will change its attitude concerning the sales of natural gas without which Kiev will freeze. Taking into account that Ukraine is very close to bankruptcy, financing the needed imports of fuels will be the first stalemate for whichever government is formed this week.

The European Union was reportedly ready to support Ukraine with a soft loan of a mere $3 billion, if Yanukovych had signed the Association Agreement. This kind of money would have not helped the country at all. Even the International Monetary Fund will find it impossible to help the country because of its past failed dealings at the time of the Premiership of Yulia Tymoshenko. Incidentally, she has just been released from Jail hospital, and is the strongest political opponent of Yanukovych. She has already denied the position of Prime Minister offered to her by the Parliament.

The EU also loses

In any case, the average Ukrainian in the street doesn’t have the best memories of her years in power after the Orange Revolution. She ended up mixed up to her neck in the corrupt swamp of government-business relations. The fact that she was jailed annoyed the western governments much more than the Ukrainians. Her release from jail was a Brussels prerequisite for the signing of the Association Agreement with the EU and an important reason for Yanukovych’s last minute decision to abandon his country’s western prospects.

All in all, Ukraine has now become a complete absurdity, bringing Europe back to the cold war. It’s not clear why the oligarchs abandoned Yanukovich. It’s clear though that the EU could not have been behind the total encroachment of the Agreement its ministers had brokered hours ago. The complete and sudden abandonment of the pact that Brussels had managed to bring about with painstaking efforts, was not the best turn Europe could expect. In reality the weekend developments in Kiev over the weekend are hurting both Russia and the EU.

Who gains?

This is more true especially after the grossly derogatory comments towards the European Union by the top American diplomat for Europe, Victoria Nuland, who said “f… the EU” while talking over the telephone to the US ambassador to Ukraine, Geoffrey Pyatt, last week. At the end of the day, the Americans, possibly by managing to convince the Ukraine oligarchs to throw-out Yanukovych may have f… the EU and Russia at the same time. What happened in Kiev this weekend greatly troubles the EU and Russia together, with the Americans having nothing to lose. As they say ‘when the other players lose I gain’…

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Libya: EU efforts should focus on protecting migrants, MEPs say

This new way of understanding disease is changing medicine

Action needed to end deadly clashes between African herders and farmers: UN chief

The four top Americans who flew to Europe perplexed things about Trump’s intentions

“A Junior Enterprise is run only by students.. there are no professors or managers that can help you solve your problems”

EU-India summit: Will the EU manage to sign a free trade agreement with India before Britain?

Africa-Europe Alliance: first projects kicked off just three months after launch

The German automotive industry under the Trump spell

Fight against climate change and poverty will fail without overhaul of global financial system, says major UN report

Eurozone closer to a deflation – stagnation trap

Why Commissioner Rehn wants us all to work more for less

Syrian Refugees in Germany face distinctly different challenges than those in Lebanon

Consumers suffer three defeats

Is a full course lunch, a new Commissioner and 2 million anti-TTIP citizens what you would call a “Fresh Start”?

What we take for granted: The EU is not perfect

Who the US and China have trade disputes with

EU makes key TTIP document public as protests get louder

ILO’s Bureau for Employers´Activities to publish new study on women in business and management

3 autonomous vehicle trends to follow in 2019

Second Facebook-Cambridge Analytica hearing: impact on privacy, voting and trust

This is what a planet-wide network of ocean sanctuaries could look like

EU budget: the Common Agricultural Policy beyond 2020

‘Global care crisis’ set to affect 2.3 billion people warns UN labour agency

Guatemala: UN anti-corruption body will continue working, as Constitutional Court blocks Government expulsion

COP21 Breaking News_03 December: Unprecedented Global Alliance for Buildings and Construction to Combat Climate Change

Why the ECB prepares to flood the markets with more and free of charge euro; everybody needs that now

This is our chance to completely redefine the meaning of work

Greece and Ukraine main items on EU28 menu; the course is set

Eurozone: The crisis hit countries are again subsidizing the German and French banks

The Indian miracle state pointing the way to global sustainability

EU Commission: Germany can make Eurozone grow again just by helping itself

Chinese Premier Li Keqiang’s speech from World Economic Forum’s Annual Meeting of New Champions

Press coverage of migration crisis in Europe: a call for collaborative action

Parliament demands ban on neo-fascist and neo-Nazi groups in the EU

Climate change recognized as ‘threat multiplier’, UN Security Council debates its impact on peace

2 trillion drinks containers are made every year – so where do they go?

Water supply a human right but Greeks to lose their functioning utilities

Darfur: Inter-communal tensions still high despite improved security, Mission head tells Security Council

Brexit: when the hubris of one man can set the UK, the EU and the entire world on fire

Marking Sir Brian Urquhart’s 100th birthday, UN honours life-long servant of ‘we the peoples’

Mandela, ‘true symbol of human greatness’, celebrated on centenary of his birth

ECB’s first flight in Eurozone’s banking universe will be just a reconnaissance

Syria: ‘Violence, displacement’ and cold kill 11 infants ‘in the past two days’

Tuesday’s Daily Brief: Bicycles for the environment, new leader for the UN General Assembly, UN values, Ebola, Syria and Libya

EU-China Light Bridge in Brussels signals the bright coming of the Year of The Dog

‘Never give up’: UN chief urges all who serve, marking UN Day

Venezuela: UN human rights office calls for ‘maximum restraint’ by authorities in face of new demonstrations

The EU Commission does nothing about the food retailing oligopoly

MEPs want to ensure sufficient funding for Connecting Europe’s future

We need to talk about failure in the social sector

Long live Eurozone’s bank supervisor down with the EU budget supremo

Why Obama asks approval from Congress to bomb Syria?

UK voters sent strong message to May and Corbyn for soft Brexit

COP21 Breaking News_05 December: Ban Ki-Moon Closing Address at COP21 Action Day Innovation, Imagination, Faster Climate Action

The 28 EU leaders show contempt for the European Elections results

WEF Davos 2016 LIVE: “No other problem has jeopardised the EU as much as the refugee question” Joachim Gauck, President of the Federal Republic of Germany, cries out from Davos

Love unlimited

Medical students of today, technological doctors of tomorrow

Why Eurozone urgently needs the ECB to print and distribute at least €500 billion

European Youth Forum welcomes the European Commission’s proposed revision of the Union Code on Visas, however it does not go far enough

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s