The new Kiev rulers ask $35 billion from the West

Yesterday, Catherine Ashton (on the right), High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC, went to Kiev where she paid tribute to the victims at the symbolic place of the protest movement EuroMaidan, Institutska Street. The Vice-President then met with acting Members of the new government, led by Oleksandr Turchynov (on the left), President ad interim of Ukraine. (EC Audiovisual Service, 24/2/2014).

Yesterday, Catherine Ashton (on the right), High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC, went to Kiev where she paid tribute to the victims at the symbolic place of the protest movement EuroMaidan, Institutska Street. The Vice-President then met with acting Members of the new government, led by Oleksandr Turchynov (on the left), President ad interim of Ukraine. (EC Audiovisual Service, 24/2/2014).

The new rulers of Kiev now demand from the West 35 billion in an aid package, without making it clear if this is in dollars or euros. As they say ‘after the meal comes the bill’ and the West has to come up with a convincing support scheme, because Ukraine can turn around and change direction just like that. Mercenaries can turn against their pay master if they find a better offer from the adversary. At the beginning of the Peloponnesian War in 431 b.c. the Thessaly cavalry, hired by Athens, in the middle of a battle against Thebais changed paymaster and side and turned against the Athenians. The West should be very careful when talking with the Ukrainians about money.

Facts are the strongest arguments against wishful thinking and hypocritical rhetoric which hides unspoken ambitions. Apply this little theory to what happens in Ukraine and you might come up with concrete answers. After the ‘Orange Revolution’ inspired by the West, the duo Yushchenko -Tymoshenco followed individual strategies for personal enrichment, letting down their western masters and driving the country to the abyss. It was the time when the oligarchs emerged out of the government-business unlawful embracement, making corruption the name of the game. The result was that Yanukovych backed by the Russians managed to reemerge as leading political force.

Need for natural gas

The problem is that the Ukrainian winter is very harsh. The country completely depends on its gas imports from Russia to power its productive machine and keep warm and alive its 45.5 million people. The West is completely incapable of supplying all those hydrocarbons the country needs. In many respects, the fact that Ukraine after the 2004 Orange Revolution fell again in the hands of Moscow, may be considered as an inevitable geographic reality.

The ideology of…corruption

The corrupt governance of the Orange Revolution heroes Yushchenko –Tymoshenco, close allies to the West, helped Yanukovych to win the 2010 Presidential election against Yulia Tymoshenco. Later on, she was condemned to 7 years imprisonment in a politically influenced trial, during which her old ally Yushchenko testified against her. This was an infallible witness that the duo had gone so deep in the unholy land of the corrupt business dealings that their conflicting interests dwarfed their liberal (?) ideology. Personal enrichment and individual political strategies had buried deep in the frozen Ukrainian ground any ideological facade the duo had used during the Revolution.

So corrupt and unpredictable had become the Ukrainian political scenery, that, around 2012, the Moscow backed Yanukovych turned to the European Union and started negotiating a full Association Agreement with Brussels. The contacts with Brussels became a valuable source of money and the European Investment Bank financed the extension of an existing metro line of Dnipropetrovsk, a city of more than one million people in south Ukraine. The EIB accorded a loan of €152 million over 25 years, with favourable terms.

West or East: Look at the weathercock

However, Yanukovych, following the ruinous for the country political practice of serving personal interests, last minute changed his mind and instead of signing the Association Agreement with the EU, chose to endorse the Moscow led Eurasian Union. There was more to it though. Reportedly, the EU Association Agreement provided only for €3 billion in soft loans, while at the same time Brussels demanded the release of Tymoshekco, his most fearful political opponent. On top of that, the EU Agreement provided no answers for the energy problem of the country.

In the last minute Yanukovych choose to take the Moscow offer containing a $15bn credit line, a generous price reduction for the Russian gas supplies and no demands about Tymoshenko being released from jail. The fact is though, that with Yanukovych now gone to an unknown destination, the needs for money and hydrocarbons remain the same and occupy the central reality for whoever governs Ukraine. If the West fails to come up with convincing answers about all that, everything may change from one day to the next. The regiments of the armed ‘protestors’ will disappear, if the hundreds of thousands of the Kiev citizens decide to come down again to the Maidan Nezalezhnosti.

 

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Commissioner sings “Volar-e” but the European driver no “Cantar-e”

Parliament votes reform for better European Co2 market but critics want it sooner than later

The Commission unsuccessfully pretends to want curbing of tax evasion

Ecofin: ‘The Friday battle’ for the banking union

Climate change will never be combatted by EU alone while some G20 countries keep procrastinating

The ECB again takes care of the bankers not the people

Summer pause gives time to rethink Eurozone’s problems

Vulnerable young people must not be blamed & stigmatised for violent radicalisation

‘Free state aid’ for imprudent banks

Draghi’s ‘quasi’ announcement of a new era of more and cheaper money

“Hasta la vista” Google says to Spain and now Europe is next?

Apparently the EU Digital Single Market passes necessarily from China’s Digital Silk Road

Commission and ECB prepare new financial mega-tool in support of SMEs

Diana in Vietnam

VW emissions scandal: EU unable to protect its consumers against large multinationals

EU seeks foreign support on 5G from Mobile World Congress 2015 as the “digital gold rush” begins

Camino de Santiago – a global community on our doorstep

Greek citizens to pay the price again but Tsipras risks losing next elections

European banking stress tests 2014: A more adverse approach for a shorter banking sector

It is me

Will Europe be able to deal with the migration crisis alone if Turkey quits the pact?

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

Europe united in not supporting a US attack on Syria

EU prepares a banking union amidst financial ruins

ECB readies itself for extraordinary monetary measures defying Germany

Eurozone banks are unable to support real economy’s dawning growth

EU agricultural production no more a self-sufficiency anchor

It ain’t over until Google says it’s over

The MH17 tragedy to put a tombstone on Ukrainian civil war

Impacting society with digital ingenuity – World Summit Award proclaiming the top 8 worldwide

Greece at the mercy of ECB while sailing through uncharted waters

Chinese economy to raise speed and help the world grow

Public opinion misled by the Commission on air transport safety

Menu for change: why we have to go towards a Common Food Policy

Poverty and social exclusion skyrocket with austerity

London to say hello or goodbye to Brussels this week

My unlimited China

The Eurogroup has set Cyprus on fire

China is now heavily endorsing its big investment flow in the Central Eastern European (CEE) countries

Eurostat: Real unemployment double than the official rate

Germany objects to EU Commission’s plan for a Eurozone bank deposits insurance scheme but Berlin could go along

EU out to conquer African Union summit

European Commission: Does Apple, Starbucks and Fiat really pay their taxes?

EU Commission – US hasten talks to avoid NGO reactions on free trade agreement

Lithuania needs to get rid of the victim mentality

EU imposes provisional anti-dumping tariffs on Chinese solar panels

The Sting’s Values

WEF Davos 2016 LIVE: “European unity and cooperation is being called on question”, Vice President Joe Biden criticizes from Davos

The European Commission cuts roaming charges. But “it’s not enough”…

What lessons to draw from the destruction of Syria

Bugged Europe accepts US demands and blocks Morales plane

MWC 2016 Live: Industrial world prepares to reap digital benefits

Bayer-Monsanto merger: the story of the rise of the “endless company”

Athens searches frantically for a new compromise between politics and economic reality

European Court of Justice to Google: It is #righttobeforgotten but not #righttoberemembered

MWC 2016: IoT experts fret over fragmentation

IMF to teach Germany a Greek lesson

A Sting Exclusive: “Junior Enterprises themselves carry out projects focusing on the environment”, JADE President Daniela Runchi highlights from Brussels

European Youth Forum welcomes adoption of Sustainable Development Goals and calls on European countries to not ignore them!

How to test if Kiev’s ‘Maidan’ was an authentic revolt or a well-planned operation

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s