
Tuesday, 17 December 2013
The EU has run a nice propaganda war which included giving US made GMO sandwiches to Ukrainian opposition and promises of major ‘profits’ once it entered the EU. But it was all for nothing as Ukraine signed a major contract in Moscow earlier today, dealing a significant blow to Washington who uses any sort of protest to put more rockets in Europe and Brussels who hoped to expand its territory with a nice little chunk called “Ukraine”.
After stringing along Russia, the EU and the Ukrainian people, President Viktor Yanukovich has inked an agreement worth $15 billion in securities and from January 1, can start buying Russian gas for $268 instead of $400 per 100 cubic meters.
The Russian government will essentially buy $15 billion in Ukrainian debt by buying Ukrainian securities using money from Russia’s Welfare Fund, President Vladimir Putin announced Tuesday at a meeting with Yanukovich in Moscow.
“For the purpose of supporting the Ukrainian budget the Russian government has made a decision to invest part of the National Welfare Fund, to the tune of $15 billion, in Ukrainian government securities,” Putin said.
Russia will invest roughly 17 percent of its $88 billion National Welfare Fund, which, together with Russia’s Sovereign Wealth Fund is used as a sort of buffer for the country’s oil-dependent budget.
Ukraine and Russia need to learn lessons and avoid mistakes in future bilateral cooperation, Yanukovich said.
“We have this need to draw lessons for the future and not to repeat such mistakes,” Yanukovich said at the conclusion of the bilateral talks held in Moscow on Tuesday.
Ukraine “is our fully-fledged strategic partner beyond any doubt,” Putin said at the meeting, where the two presidents signed 14 separate agreements on space, engineering, defense and trade.
“We did not talk about Ukraine joining the Customs Union at all,” Putin said at the end of the nearly 4-hour long meetings, in an apparent effort to calm opposition protesters in Kiev awaiting news of the two presidents’ talks.
European officials will meet Thursday to discuss Ukrainian trade and a Russia-EU summit is scheduled for late January.
EU enlargement chief Stefan Fuele tweeted on Monday that Ukraine’s back and forth trade negotiations have “no grounds in reality,” a signal that the door Western diplomats had insisted remained wide open, had actually, been firmly shut.
Yanukovich backed out of EU talks just before last month’s Vilnius conference, where Ukraine was expected to sign an Association Agreement that would have set it on a path toward eventual integration with the EU.
http://macedoniaonline.eu/content/view/24406/52/
Categories: EU Erosion