• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

China Takes Sides: Sues Ukraine For $3bn Loan Repayment

Tyler Durden's picture




 

It is widely known that Russia is owed billions by Ukraine for already-delivered gas (as we noted earlier, leaving Gazprom among the most powerful players in this game). It is less widely know that Russia also hold $3b of UK law bonds which, as we explained in detail here, are callable upon certain covenants that any IMF (or US) loan bailout will trigger. Russia has 'quasi' promised not to call those loans. It is, until now, hardly known at all (it would seem) that China is also owed $3bn, it claims, for loans made for future grain delivery to China. It would seem clear from this action on which side of the 'sanctions' fence China is sitting.

 

Via RBC Ukraine (Google Translate),

In 2012, The State Food and Grain Corporation and the Export-Import Bank of China agreed to provide Ukrainian corporation loan of $ 3 billion, which was planned to be on the spot and forward purchases of grain for future delivery to China.

 

...

 

Minister of Agrarian Policy and Food of Ukraine Igor Schweich confirmed that China has filed a lawsuit against Ukraine in a London court for the return of a loan of $3 billion.

The Ukraine minister disagrees with China's case:

"filed false information that there are no claims to us from China. According to the contract have different interpretations, different interpretations, which led to the treatment of the Chinese side in court Gaft who works in London. Registered dispute between the parties exists," - said Minister told reporters.

 

According to him, the parties agreed to take the following week a representative of the Chinese corporation for the possibility of peaceful settlement of the dispute.

 

"We, for our part, will do their steps to ensure that the other party or retract its announcement, or we found another way to a peaceful settlement," - he said. According to Schweich, a meeting will be held on March 26.

Ukraine appears to claim that these loans were made by the previous administration

The Minister added that the main problem lies in the fact that some leaders of PJSC "State Food and Grain Corporation of Ukraine" incorrect information. "These people are now removed during the protest," - said Schweich, noting that China "is relevant to understand."

 

In February 2014. the current Prime Minister of Ukraine Yatsenyuk said that "location $ 3 billion is not found."

While China has been relatively quiet in the background - though abstaining from the UN vote waqs a clear signal of relative support for Russia - this is a meaningful step in the direction of pressure against the West, as yet again, any bailout funds would flow straight to either Russia (gas bill sor callable bonds) or China (agriculture loans).

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Sat, 03/22/2014 - 18:44 | 4581012 jerry_theking_lawler
jerry_theking_lawler's picture

Ugrainian bitchezzzz. aka Liangshi Mugouuuuuu.

Sat, 03/22/2014 - 18:50 | 4581029 Mister Kitty
Mister Kitty's picture

Somebody needs to piss on Putin's mailbox.  Bastard.

Sat, 03/22/2014 - 18:56 | 4581041 knukles
knukles's picture

Now there's the West's way out (aka Off-Ramp)
Let it be fought by lawyers!

Hah ha ha ha ha

 

Sat, 03/22/2014 - 18:58 | 4581047 kliguy38
kliguy38's picture

as the supercycle accelerates the sides become more clear and the gloves are ONLY STARTING to come off.......meanwhile Chicoms will continue to accumulate the West's gold........hehehehehe.....while Becky Quicky goes blah blah blah..........too funny

Sat, 03/22/2014 - 19:18 | 4581086 kaiserhoff
kaiserhoff's picture

Ukraine should just go all Bernanke on their asses,

and PRINT, PRINT, PRINT!

Sat, 03/22/2014 - 19:25 | 4581102 Newfie
Newfie's picture

Someone should do a shirtless pic of Putin riding a Chinese dragon!

Sat, 03/22/2014 - 19:29 | 4581108 kaiserhoff
kaiserhoff's picture

And one of Barry with Puff the Magic Dragon.

Sat, 03/22/2014 - 19:33 | 4581114 nmewn
nmewn's picture

A C130 or opium?

Sat, 03/22/2014 - 19:39 | 4581124 kaiserhoff
kaiserhoff's picture

I was thinking carnal knowledge, and I'm not even drinking yet;)

Sat, 03/22/2014 - 19:47 | 4581139 nmewn
nmewn's picture

Hurry up, I'm three ahead of you ;-)

Sat, 03/22/2014 - 21:06 | 4581318 Independent
Independent's picture

In February 2014. the current Prime Minister of Ukraine Yatsenyuk said that "location $ 3 billion is not found."

The money has been laundered through Israel already, its loooooong gone suckers.

Sat, 03/22/2014 - 22:16 | 4581483 gallistic
gallistic's picture

aaaaand........it's gone!

Sun, 03/23/2014 - 09:36 | 4582091 Manthong
Manthong's picture

The good news is that if Ukraine ever pays up it will be with borrowed fiat from the west which, in turn will give the Chinese moar currency to buy physical gold at criminally discounted prices.

Sun, 03/23/2014 - 10:50 | 4582194 TerminalDebt
TerminalDebt's picture

"We, for our part, will do their steps to ensure that the other party or retract its announcement, or we found another way to a peaceful settlement," - he said

WTF? Google translate?

That makes no sense to me

Sat, 03/22/2014 - 21:16 | 4581345 ZakuKommander
ZakuKommander's picture

Lawyers' fees: game over for Ukraine.

Sun, 03/23/2014 - 04:14 | 4581899 silvermail
silvermail's picture

First of all, lawyers have to give the answer to one simple but important question:
Legally or illegally was change of power in Ukraine.
Lawyers should make ordinary legal examination and issue a final legal opinion.
I assure you that in the world there is no lawyer who can put his signature under the statement about "the legality of armed rebellion in Kiev."

Thus, in terms of Law , so-called "new government in Kiev", is illegal and illegitimate . It is not government power. This is criminal rebels and an impostors. And it does not depend on the opinion of the U.S., the EU and NATO. It says Law.

VIDEO Belbek:

http://censor.net.ua/news/277255/vo_vremya_shturma_rossiyiskim_spetsnazo...

Sun, 03/23/2014 - 09:41 | 4582096 geno-econ
geno-econ's picture

Supposedly Ukraine elections end of May would make coup government legal. However , it seems no one is has confidence elections will ever take place or can predict what will happen in Eastern Ukraine where Russian influence prevails and where most of industry is located with Russian troops on border in stand-by position. High probability for Ukraine to split which explains why China wants their agricultural loan money now, especially since agriculture is located in Western Ukraine, and Russia wants payment now for natural gas deliveries made to previous government.
Obama's trip to EU can only inflame situation . Quiet diplomacy is required and for Neocons to back off. Replacing Nuland would be a first step--- blame it on use of profane language.

Sat, 03/22/2014 - 19:17 | 4581084 Truther
Truther's picture

STFU Kitty

Sun, 03/23/2014 - 00:11 | 4581704 gallistic
gallistic's picture

Hey douche, how about you give us a break on your asinine and stupid "angry sinner" blog?

I can understand that you are throwing out clickbait to help your wallet, but this shit is getting ridiculous.

Are you pals with the Tylers?

 

Sun, 03/23/2014 - 13:46 | 4582726 USA USA
USA USA's picture

Just an opinion, but I decided that you are a bigger DUMB ASS BITCH than MDB.....

Sat, 03/22/2014 - 21:11 | 4581333 Kirk2NCC1701
Kirk2NCC1701's picture

I'm inclined (in my Captain's chair) to think that maybe Obama does not have the same calibre of people giving him advice, as did the likes of JFK, Nixon, Reagan or Bush Sr. Even W may have had more competent Staff. -Kirk out.

Sun, 03/23/2014 - 08:15 | 4582028 RSloane
RSloane's picture

Chicago style politics do not play well on the world stage.

Sun, 03/23/2014 - 08:25 | 4582036 nasdaq99
nasdaq99's picture

I've been saying that what's being missed here in this conflict is that looks to me like it's about business.  Ukraine is way behind on debts to Russia and China.  I think when Ukraine started falling apart, Russia moved to protect it's interest and it's business with and through Ukraine.  Now China is suing to collect.  I think we are being fooled by a media who wants to say that evil Russian empire is moving to rebuild the USSR when it  may be about business all along.  


What i never knew is that Ukraine is a big exporter of corn.  China fronted them loans for future delivery and now it appears that Ukraine is trying to welch on commitments.  What a turnaround it would be if it comes to pass that Russia and CHina are the real capitalists and the US & EU are the socialists who only want to maintain the status quo of EU & US subsidies by making Ukraine dependent on subsidies in return for their admission into the EU.


No doubt the Ukrainian leader was a crook.  But the Ukranian people elected him.  Who's fault is that?

Sun, 03/23/2014 - 11:00 | 4582227 cannonfodder
cannonfodder's picture

Ukraine has often been described as the 'breadbasket of Europe'.  Their production of wheat, corn and other food crops was very important to the former Soviet Union.  It is also very important today, as Monsanto can now safely introduce their sharecropper economics to the European market.  That is, of course, until their water resources are contaminated by fracking like Poland and Romania.

Of course, it's business.  The western media has been putting this invasion spin on it in order to inflame public opinion.  There are many influences at work here.  One of the main objectives is to remove the Russians from a port that they controlled for 250 years.

On the subject of crooked politicians, those two words are never found far apart.

Sun, 03/23/2014 - 11:00 | 4582228 cannonfodder
cannonfodder's picture

Ukraine has often been described as the 'breadbasket of Europe'.  Their production of wheat, corn and other food crops was very important to the former Soviet Union.  It is also very important today, as Monsanto can now safely introduce their sharecropper economics to the European market.  That is, of course, until their water resources are contaminated by fracking like Poland and Romania.

Of course, it's business.  The western media has been putting this invasion spin on it in order to inflame public opinion.  There are many influences at work here.  One of the main objectives is to remove the Russians from a port that they controlled for 250 years.

On the subject of crooked politicians, those two words are never found far apart.

Sat, 03/22/2014 - 18:46 | 4581016 ebworthen
ebworthen's picture

Sounds like the Ukranian neo-Nazi putsch won't recognize any of their debts.

The Brussels Bandits and Wall Street Warlocks will be happy to provide them heroin, needles, and a cot, I'm sure.

Sat, 03/22/2014 - 19:01 | 4581055 Stuck on Zero
Stuck on Zero's picture

There's a lesson in here somewhere ...  um ... let me see ... I know:

 

NEVER, EVER, EVER, LOAN MONEY TO A GOVERNMENT!

 

Sat, 03/22/2014 - 19:49 | 4581142 ThroxxOfVron
ThroxxOfVron's picture

ODIUS DEBT = FUCK YOU !

Sat, 03/22/2014 - 22:19 | 4581493 Kirk2NCC1701
Kirk2NCC1701's picture

Really? A pity the Rothschilds did not heed your advice, nor of your approving friends.

Just imagine how rich they would've been, HAD they taken your advice.

Sat, 03/22/2014 - 22:44 | 4581537 Independent
Independent's picture

Kirk the Rothschilds get paid other ways, they get concessions on natural resources or exclusivity on trade etc, these conditions make sure they get paid in full with profit even before the loans come due, the interest payments then are just gravy

Sat, 03/22/2014 - 19:02 | 4581058 Freddie
Freddie's picture

I hope China sue some of those Ukrainian oligarchs or sends some Triads to collect on the payments.   F the NWO and the "troika."

Sun, 03/23/2014 - 00:00 | 4581680 Ifigenia
Ifigenia's picture

Vitoria Nulland got the money and made the coup. Now the red triad would sell her to a house to work as sex slave.

Sun, 03/23/2014 - 00:51 | 4581753 Independent
Independent's picture

No the evil witch was handing cookies with business cards to good looking women on Maidan telling them about Jobs for 'nannies' in Tel Aviv

https://theuglytruth.wordpress.com/2011/05/12/sex-slavery-–-the-growing-trade-in-israel/

Sat, 03/22/2014 - 19:27 | 4581106 Buck Johnson
Buck Johnson's picture

It won't matter if they do or not, they will take the case to london and then to the IMF and internationl banking and they will get it from them in regards to more they owe the IMF and other countries.  Ukraine is acting like it's a major power and it's not after losing all their nukes (giving them up) and the new admin not friendly to Russia, they are essentially hicks from the sticks now and are being treated that way.

Sat, 03/22/2014 - 22:26 | 4581506 StychoKiller
StychoKiller's picture

Basically, Ukraine has done the equivalent of walking into an all-black bar and yelling:  "I'm gonna fsck yo mamas!"

Sat, 03/22/2014 - 22:46 | 4581543 Independent
Independent's picture

I thought they walked into all Asian Bar and yelled "F*** you Chinks, Coolies and Japs, yo niggaz aint getting no shit back" All this while pulling the sides of his eyes and sticking out his two front teeth

Sun, 03/23/2014 - 00:04 | 4581692 Ifigenia
Ifigenia's picture

and showing 33 kilos of gold

Sat, 03/22/2014 - 19:45 | 4581132 Bonapartist
Bonapartist's picture

"Confessions of an Economic Hit Man" for your reading pleasure.

Sat, 03/22/2014 - 20:06 | 4581189 jopa
jopa's picture

Yes they will! but not toward the rightful creditor.

 

http://www.cablegatesearch.net/cable.php?id=10KYIV278&amp&nbsp

Sat, 03/22/2014 - 18:46 | 4581017 seek
seek's picture

Does $3B even matter? That's barely over a day of Q.E. in the US.

Sat, 03/22/2014 - 18:52 | 4581033 loonyleft
loonyleft's picture

And that truly boggles my mind. All this talk of millions and billions is a drop in the bucket. If a country of population 45 million is freaking out about 3 billion, or 30 billion, then really WTF is going on in the US. And don't even start on 'the US has a 16trillion dollar economy' Take out hair parlours, finance, realtors and all the shit that is one giant fiat circle jerk, and you get a lot lot less. 

There is no way the US and the west is even close to growth. 

Sat, 03/22/2014 - 19:27 | 4581100 Winston Churchill
Winston Churchill's picture

Makes you realize just how far down the sewer we are.

The Chinese rating agency estimates real US GDP to be $6tn, which would mean

the annual GAAP deficit is around 100%.Annual Deficit NOT Debt.

With a debt/GDP over 330% increasing rapidly, if they are right.

A trillion here ,a trillion there ,and then you are talking real money

Sat, 03/22/2014 - 19:33 | 4581115 ParkAveFlasher
ParkAveFlasher's picture

Think of what a billion dollars of energy enables.  Energy is the seedstuff of the world economy.  

Sat, 03/22/2014 - 19:45 | 4581131 Anusocracy
Anusocracy's picture

It is estimated that $2 billion spent over 10-20 years could cure aging.

As long as you keep government away from it.

Sat, 03/22/2014 - 19:58 | 4581165 ParkAveFlasher
ParkAveFlasher's picture

The average American  in a cold winter area spends $2k annually to heat their home.  Try living without it.

Sat, 03/22/2014 - 21:10 | 4581326 Independent
Independent's picture

@Anus  wont do any good its the government and its taxes and crap laws that age people

@Park  it just amazes me what the Eskimos can do without any money or heat lol

Sat, 03/22/2014 - 21:17 | 4581348 Kirk2NCC1701
Kirk2NCC1701's picture

$1B is also about 25,000 kg (25 tons) of Au.
About the amount that the missing plane had in its still undisclosed Cargo.

75 tons would do the Chinese quite nice, Ukraine.

Sat, 03/22/2014 - 23:30 | 4581555 Independent
Independent's picture

Supposedly Kirk according to another post here a few stories back their gold natural deposits are like 500 tons of gold split evenly between west east Ukraine and now Russian Crimea.  But this gold is the hard stuff to get out and requires toxic cyanice processing, which is a death sentence to the environment.  A gold mining related cyanide spill in Romania was the second worst european ecological disaster after Chernobyl.

http://www.toxipedia.org/display/toxipedia/Baia+Mare+Cyanide+Spill

http://news.bbc.co.uk/2/hi/europe/1146979.stm

here is a great documentary about cyanide gold mining but its in Peru

https://www.youtube.com/watch?v=-7GzwjwEsQE

Now the biggest gold deposits in Europe and some of the biggest in the world are right across the border of western Ukraine, in the same mountains, the Carpathian Mts aka as the Transylvanian Alps, in Romania, and the owner of those resources via bribes and corruption is none other than Beny Steinmetz, richest man in Israel.  Figures he would be right next door to the other Jew Yani who is in charge of Ukraine right now.  To give you an idea how much Gold Romania had, its been mined since before the Roman Empire existed.  When the Romans conquered Romania the gold haul was so big that it made the empire whole for two hundred years and it accounted for all the famous roman buildings that we now see in Rome, like the Forum and all the classic buildings of Rome from that period.  The place still has tons of gold but the big veins of gold are gone and what is left are very small veins that require open pit mining and processing the soil with hundreds of thousands of tons of cyanide literally.  WIth huge gold deposits still in Romania its interesting the USA has opened up a big base there under the pretext of getting stuff out of Afghanistan (when they already have functioning large bases in Bulgaria and Turkey).  Also the IMF is working on getting the Romanians in more debt than they can handle.  All little levers to pull to get them to approve the mining with cyanide.  Also its been known that USA uses its bases to spy and intercept communications in the countries they are located in.  I am sure they will be gathering dirt on politicians against the mining.  And Ronald Lauder owns Pro TV Romania via CME and is also president of World Jewish Congress.

http://www.romania-insider.com/founder-of-romanian-pro-tvs-parent-compan...

http://www.cetv-net.com/en/about-cme/company-overview.shtml

Now with dual citizens in charge in the USA, and dual citizens oligarchs all over eastern europe we know they got all bases covered, especially the Media with the big boss Ronald Lauder orchestrating the whole plan via World Jewish Congress.  LOL the Protocols of the Elders of Zion going on strong baby.  And as usual all the dual citizens have hands in each others pies with cross ownerships, like a dual citizen oligarch in Ukraine is also invested in CME, and shareholders in Romanias gold concessions include American billionaire Thomas S. Kaplan of Electrum Group and American hedge fund manager John Paulson of Paulson & Company.

What country can stand a chance against well financed and well organized criminal and killer clowns like these guys.  And people complain that Putin has a few billion dollars, it takes a lot of money to fight these bozos in a democracy they can corrupt and buy out and then plunder.

Ok found this site says 500 tons of gold and 1500 tons of silver in just the Rosia Montana mine alone in Romania

http://www.theecologist.org/News/news_round_up/2196555/romania_rejects_r...

Dont ever get between a dual citizen and YOUR GOLD LOL

 

Sun, 03/23/2014 - 00:20 | 4581716 Ifigenia
Ifigenia's picture

dual citizen, you mean jews?

Mon, 03/24/2014 - 04:49 | 4581744 Independent
Independent's picture

Yep, So that mine in Romania is about 25 billion gold alone, not including the silver, and there may be a lot more gold if they come up across big veins deeper than the previous mine tunnels.  This thing has potential to be really big considering there were huge veins higher up.  Now this is only one site in Romania, there are other mines.  Now the funny thing is with bribes these guys get to keep 80% of the Gold  and the other twenty percent that goes to the govt is paid for in dollars not gold, so these mofos walk away with all the gold.  With corruption in Africa the govts still get 40 to 50% of the mining proceeds, lol the Romanians are more F uped than the Africans.  If Ukraine has as much gold as Romania makes sense why the Tribe via USSA and the Euros want them so bad, of course not to mention the fracking and the farmland (probably the best farmland in the WORLD) a gift that just keeps on giving year after year and you dont give the locals anything if you own the land now.  At least the Chinese were leasing the land.

This JUST IN      Israel Radio reported that Obama administration officials have not ruled out Netanyahu’s proposal that Pollard be released in exchange for Israel’s agreement to free Israeli Arabs convicted of terrorist acts.

With Israeli-Palestinian peace talks teetering on the brink of collapse, US officials are mulling a desperate bid to resuscitate the negotiations by making a significant move that would win the approval of Prime Minister Binyamin Netanyahu’s coalition, one that may perhaps include the release of Israeli spy Jonathan Pollard, Israel Radio reported on Sunday.

http://www.jpost.com/Diplomacy-and-Politics/Report-US-could-free-Pollard...

Its embarassing to be an American, these dual citizens have completely taken over this democracy, I mean JEWTOCRACY.  What a farce this crap is so we release Pollard just so they can talk to each other about not having a peace deal LOL.  Look at how hard the Jews try to spring this American traitor and soon to be Israeli citizen.  But they have no qualms at killing millions of innocents by having America invade other countries for them.  Face it gentiles you are worth nothing to them since you are slaves.  The Sons of Abraham will gladly slit your throat and let your blood flow.

Rabbi Ovadia Yosef one of the highest Rabbis in Israel said...

"Goyim (gentiles, non-Jews) were born only to serve us. Without that, they have no place in the world – only to serve the People of Israel," he said, according to the Jerusalem Post. "Why are gentiles needed? They will work, they will plow, they will reap. We will sit like an effendi and eat. That is why gentiles were created." An "effendi" is a lord, or a master, in Arabic.

http://www.csmonitor.com/World/Security-Watch/Backchannels/2013/1007/Rab...

These are the Scum that control your politicians and tells Obama what to say on his telepromter.  They put him in office and Obummer is being a Good Uncle Tom serving the Masters.

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