I.M.F. Criticizes Ukraine Plan for Economy

The International Monetary Fund issued on Thursday a scathing report on Ukraine’s financial situation, saying that the government of President Viktor F. Yanukovich had largely abandoned much-needed economic reforms that it had agreed to undertake as part of a deal in 2010 that provided more than $15 billion in loans. 

 

The report suggests that Russia’s offer this week to rescue Ukraine with another $15 billion in loans and a sharp discount on natural gas prices could be far riskier than President Vladimir V. Putin has suggested.

 

Mr. Putin announced on Tuesday that Russia would use $15 billion from its national welfare fund to buy Ukrainian euro bonds, and that Gazprom, Russia’s state-controlled energy company, would reduce the price of gas to $268.50 per 1,000 cubic meters, from the current $395 to $410, saving Ukraine about $2 billion a year.

 

우크라이나는 점증하는 혹독한 경제위기에 처하면서 IMF 와 추가적 지원을 받으려 협상을 했다. 그 노력은 무산되어버렸는데 IMF 의 구제안은 엄청난 조건이 붙어서 왔기 때문이었다. 그 조건들은 우크라이나 국민가계의 비용이 증가되고 정부 지출이 제한되는 것이었다.

 

우크라이나의 내정은 복잡하고 혼잡스런 것이다. 그 나라의 동부지역은 러시아 향으로 경제와 문화가 얽혀져있고 서부지역은 유럽연합 향이었다. 내정은 수년간 끓는 물처럼 복잡해지면서 도저히 평화로운 해결책이 나오질 않는 것이었다.그러자 우크라이나는 유럽연합의 시각으로볼때 포커판에 큰돈이 걸린 먹잇감 신세로 전락하는 것이었다.

 

여기에 푸틴은 결코 온정을 베풀며 더듬수를 두는 존재가 아니지만 우크라이나 구제안을 통크게 실현했다. 그야말로 국운을 바꾸는 저돌적인 명승부를 펼쳤다.

 

Ukraine is facing an increasingly severe economic crisis and had been in talks with the I.M.F. for additional aid. Those talks broke off in large part because Mr. Yanukovich and other officials said they found the required terms too onerous. Those terms included increases in household utility rates and limits on government spending.

The situation in Ukraine is complex and messy. The eastern part of the country is economically and culturally oriented toward Russia and the western part toward the EU. The pot has been boiling for a number of years and there aren't much in the way of prospects for a peaceful resolution. The situation has become a pawn in the high stakes poker game for control of eastern Europe. That is a geopolitical conflict that goes back to the days of the tsars. Vladamir Putin is definitely not a warm and fuzzy character but he does the kind of personal chutzpah that makes him an accomplished poker player.

 

 

 

우크라이나는 유럽연합 조약 대신에 러시아 구제를 선택하다

 

Ukraine opts for Russian bailout instead of EU treaty


By Andrew Rettman with comments by ron
Dec 30, 2013 - 10:04:40 AM


Ukraine opts for Russian bailout instead of EU treaty

18.12.13 @ 09:29

By Andrew Rettman

 

우크라이나 지도자 빅터 야누코피치는 유럽연합에 대한 대체방법으로 아무런 조건이 달리지않은 러시아 구제안을 선택했다.

 

그는 12월 17일 모스크바에서 푸틴 대통령과 회의자리에서 합의에 도달했다.

 

합의안에 따라 푸틴은 러시아 국부펀드 자금을 사용해서 우크라이나의 문제성 채권 150억 달러어치를 매입하기로 약속했다.

 

BRUSSELS - Ukrainian leader Viktor Yanukovych has opted for a no-strings-attached Russian bailout instead of the EU alternative.

He made the agreement at a meeting with Russian President Vladimir Putin in Moscow on Tuesday (17 December).

Under the accord, Putin promised to use money from Russia's National Welfare Fund to buy $15 billion of distressed Ukrainian bonds. He also promised to cut gas prices from $400 or so per thousand cubic metres to $269 until 2019, saving Ukraine up to $2 billion a year.

He described Ukraine as a "strategic partner and ally."

"I want to bring to your attention the fact that it is not connected with any conditions, not connected with the increase, decrease or freezing of any social standards, pensions, subsidies or salaries," he said.

"I also want to calm everyone down: Today we did not discuss the question of Ukraine’s accession to the Customs Union," he added.

Yanukovych said: "Ukraine's trade with Russia makes it impossible for us to act in any other way … There is no alternative to this."

The alternative was to sign an EU association and free trade pact, triggering International Monetary Fund (IMF) support and top-up EU assistance.

But the EU-IMF package came with tough conditions: to increase domestic gas prices; modernise Ukrainian industry; relax his grip on judges; and free political opponents. [Ron: Regardless of whether they are criminals or not?! ]. 

 

 

http://abundanthope.net/pages/Political_Information_43/Putin-Throws-Down-Gauntlet-To-IMF.shtml