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

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

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

Do not confuse food charity with ‘right to food’, UN expert tells Italians, labelling food system exploitative

Why #Wherearethewomen? is an $11 trillion question

COP25: Italy and Mexico pave the way on climate education

These dogs can smell tree disease – and could help save the world’s orange groves

Health should be central to the conversation around climate change

The EU Parliament blasts the Council about the tax dealings of the wealthy

Why Renewable Energy is an attractive investment

Rapid action needed for people to meet challenges of changing world of work

Deutsche Bank: the next financial crisis is here and the lenders need €150 billion from taxpayers

How cocoa farming can help stop deforestation

Human Rights breaches in Saudi Arabia, Chechnya and Zimbabwe

Nearly 5 million children in need due to rising violence in central Sahel: UNICEF

Does the Greek deal strengthen the Eurozone? Markets react cautiously

Afghanistan: EU reinforces humanitarian support with €40 million as crisis worsens

Zuckerberg preaches that Artificial Intelligence will protect Data Privacy in Facebook whereas Verhofstadt demands the big European state to take charge

Rising landmine blast toll in Afghanistan highlights long-term care needs of survivors

Brexit: The Conservative Party drives the UK and Europe to a perilous road

3 charts that show the economics of European football

More women and girls needed in the sciences to solve world’s biggest challenges

Drought in Europe: Member States agree on support measures proposed by the Commission

Everything you need to know about the US government shutdown

State aid: Commission amends Short-term export-credit insurance Communication in light of economic impact of coronavirus outbreak

‘Historic’ moment: Palestine takes reins of UN coalition of developing countries

OECD survey reveals many people unhappy with public services and benefits

Trump systematically upsets global order and trade: Where does this end?

MEPs want robust EU cyber defence and closer ties with NATO

Google case: A turning point in competition rules enforcement

FROM THE FIELD: ‘Eco-warriors’ fight climate change in South Africa

Humanitarian Aid: EU announces €18.5 million additional package for Latin America and the Caribbean

Aid stepped up to Syria camp; new arrivals say terrorists blocked their escape

Commission presents far-reaching anti-tax evasion measures

COVID-19 is more deadly for some ethnic groups

Republic of Korea President proposes DMZ as future ‘peace and cooperation district’ on Peninsula

“Beating pollution for our planet”, a Sting Exclusive by Mr Erik Solheim, the Executive Director of the United Nations Environment

These entrepreneurs are turning discarded fishing nets into surfboards and swimwear

“We always honor our words, and in that respect we expect our partners to honor their words as well”, China’s State Councillor and Foreign Minister Wang Yi highlights live from Brussels

Which countries get the most sleep – and how much do we really need?

With Libyans now ‘fighting the wars of others’ inside their own country, UN envoy urges Security Council action to end violence

“We need to accelerate our negotiation on the China-EU Investment Treaty”, Chinese Premier Li Keqiang highlights from the 21st EU-China summit in Brussels

5 of the world’s deadliest infectious diseases

Nigel Farage and Boris Johnson: who forced the two ‘brave’ Brexiteers to quit?

UN film festival encourages young people to promote peace, dialogue and empathy

UN climate summit aims to speed up transition to cleaner, greener future

Guterres lauds UN peacekeeping, highlights need to bridge ‘critical’ gaps

It’s time to disrupt Human Resources if we want talent fit for the digital age

‘Repeated attacks’ could close down key hospital in eastern Libya, says WHO

OECD joins with Argentina to fight financial crime

European Parliament the most trusted EU institution

Terrorism ‘spreading and destabilizing’ entire regions, Guterres warns States, at key Kenya conference

Norway is returning Easter Island artefacts to Chile (Will Britain ever return the marbles to Greece?)

Health privatization to blame for health inequality or poor investment in public health?

How can emerging economies navigate the mobility transition?

Employment: Commission proposes €1.6 million from Globalisation Adjustment Fund to help 400 workers made redundant in Carrefour Belgique

MEPs react to breaches of human rights in Moldova, Burundi and Somalia

What happiness can teach us about how we measure human development

WEF Davos 2016 LIVE: “Chinese economy has great potential, resilience and ample space for policy adjustment”, China’s Vice President Li Yuanchao reassures from Davos

Global growth is slowing amid rising trade and financial risks

SMEs and micro firms sinking together with south Eurozone

Finally an answer to the hottest question of European youth today: How to make sure Juncker’s Investment Plan works for youth

This is how the tech giants are helping tackle coronavirus

More Stings?

Advertising

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