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Ukraine PM Warns Russia's "Economic Aggression" Is Unacceptable
"Russia was unable to seize Ukraine by means of military aggression," Ukraine's PM Yatsenyuk blasted, "Now they are implementing plans to seize Ukraine through economic aggression." His comments come after Russia's Gazprom raised prices for gas 81% from $268.50 to $485.50 (on the basis that the previous discount was a subsidy for allowing the use of the Black Sea port of Sevastopol, which Russia now has annexed) to which Yatsenyuk chided "political pressure is unacceptable, and we are not accepting the price of $500." Mr. Yatsenyuk, as WSJ reports, said his government will not pay the new price and will raise the issue in the Stockholm Arbitrage court, which was selected by the two countries years ago to settle the gas disputes - but warned his people that the country should prepare for Russia switching off natural-gas supplies.
As The Wall Street Jorunal reports, Ukraine's prime minister warned Saturday that the country should prepare for Russia switching off natural-gas supplies, as the energy monopoly Gazprom said it will raise the price for gas for Ukraine by 81%.
Speaking at a cabinet meeting, Arseniy Yatsenyuk, said Moscow's price increase was a form of "economic aggression," adding that Kiev will not recognize the new price and is ready to challenge it in the international arbitrage court.
Russia's natural gas monopoly Gazprom's Chief Executive Alexei Miller said Saturday in a televised interview the company has raised the cost of gas to Ukraine to $485.50 from $268.50 for 1,000 cubic meters from April 1.
Moscow says the price change is due to Kiev's failure to pay its bills.
Mr. Yatsenyuk responded aggressively:
"Political pressure is unacceptable, and we are not accepting the price of $500," Mr. Yatsenyuk told ministers.
"Russia was unable to seize Ukraine by means of military aggression," Mr. Yatsenyuk said. "Now they are implementing plans to seize Ukraine through economic aggression." he added.
He said Ukraine " will not touch" any of the gas destined for Europe if Russia limits supply for Ukraine. Mr. Yatsenyuk said Ukraine will continue to try to negotiate the new gas deal with Russia.
Gazprom's additional argument for raising the price (aside from credit-risk-adjusting for the billions already owed) is somewhat remarkable...
Mr. Miller said Ukraine owes Gazprom $2.2 billion for March deliveries, and another $11.4 billion the country saved as part of a discount agreement that Moscow recently scrapped.
Mr. Miller the discount was a prepayment for the Russian Navy's use of Ukraine's Black Sea port of Sevastopol through 2017, but as that port had been annexed by Moscow, along with the rest of Crimea, Ukraine should repay $11.4 billion it saved, Mr. Miller said, following similar statements by Russian Prime Minister Dmitry Medvedev.
In other words, because we annexed territory for which we had previously given you a discount for, you now need to pay us full price.
Mr. Yatsenyuk said his government will not pay the new price and will raise the issue in the Stockholm Arbitrage court, which was selected by the two countries years ago to settle the gas disputes.
With the US and IMF lining up to give "aid" to Ukraine, we wonder how all those taxpayers will feel when the hard-earned money gets greatly rotated from Ukraine's balance sheet straight to Gazprom's... or how the 'newly liberated' people of non-Crimean Ukraine will feel about their leaders when the country goes dark and cold...
And if Yatsenyuk thinks he can wait it out... starving Gazprom of potential revenue (that they are not even paying anyway) think again... As Reuters reports,
Gazprom Neft has not been affected by Western sanctions over Russia's annexation of Crimea but is ready to move away from dollars in its contracts and to redirect oil flows to Asia if needed, the CEO of Gazprom's oil arm said.
..
"As for sanctions, they have not affected the company's business in any way," Dyukov said in St. Petersburg, where Gazprom Neft is now based.
He suggested that Western companies did not want broader sanctions imposed on Russia, but that Gazprom Neft would reduce its reliance on the U.S. dollar if necessary and turn to Asia if doorways to the West were shut.
...
"No such task has been set (by the government)," he said. "But ... we have discussed with our buyers the possibility of switching contracts to euros and ... 95 percent said they are ready."
"This shows that in principle there is nothing impossible - you can switch from dollars to euros and from euros, in principle, to roubles," he told reporters in remarks authorised for publication on Monday.
"Of course, I have had meetings, contacts with representatives of Western business circles ... In principle, they are not interested in escalation of tensions," Dyukov said.
So once again, actions by the West that were supposed to show strength will 'boomerang' back and do more to weaken the appearance of any global might that may remain.
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"You and what army?"
Mazeltov, Yats!
Todjaso!
The price of gas to "The" Ukraine is gonna be raised substantially of which this is the first fillip to the deadbeats and the price for Western Europe through "The " Ukraine is gonna go up a few 100's percents.
And if anybody fucks with Vlad anymore, just like the Czech premier just did a few minutes ago (ref Reuters) ruminating about NATO troops in Ukraine, they'll just decide that gold is the only reasonable means of payment....
O'Barry and the EU are cutting their faces off over a gas pipeline from the Gulf to Europe that was Never Going To Be Built!
Idiots on Parade
Our Winter of Obie Discontent
let them hoard gold for us, they will gladly sell it in times of trouble just for food and guns as thay always did, and trouble..., they will bring upon them themselves as usual
Vae victis
Woe indeed. This is EXACTLY how the next big one gets rolling. Unintended consequences are a real bitch. Unfortunately resource conflict is built in to the exponential growth cake , there is no escaping the great reckoning.
The QuitterWhen you're lost in the Wild, and you're scared as a child,
And Death looks you bang in the eye,
And you're sore as a boil, it's according to Hoyle
To cock your revolver and . . . die.
But the Code of a Man says: "Fight all you can,"
And self-dissolution is barred.
In hunger and woe, oh, it's easy to blow . . .
It's the hell-served-for-breakfast that's hard.
"You're sick of the game!" Well, now, that's a shame.
You're young and you're brave and you're bright.
"You've had a raw deal!" I know -- but don't squeal,
Buck up, do your damnedest, and fight.
It's the plugging away that will win you the day,
So don't be a piker, old pard!
Just draw on your grit; it's so easy to quit:
It's the keeping-your-chin-up that's hard.
It's easy to cry that you're beaten -- and die;
Robert William Service Nothing to do but keep on stacking Jolly good luck to all you pirates MOTNIt's easy to crawfish and crawl;
But to fight and to fight when hope's out of sight --
Why, that's the best game of them all!
And though you come out of each gruelling bout,
All broken and beaten and scarred,
Just have one more try -- it's dead easy to die,
It's the keeping-on-living that's hard.
The title to this article should read -
Can yoou please stop saying Dollars!?
Fed BankNotes, USD, or something,
But a Dollar is a fucking Silver coin dummies!
"economic aggression" you mean the CIA flying in and collecting all the sovereign gold 24 hours after an illegal coup?
don't forget the $70 billion in foreign exchange spirited to swiss accounts.
http://www.24hgold.com/english/news-gold-silver-emerging-dynamics-of-pet...
Here's a lesson 'Stumpy' the old woodsman taught me - "Don't poke the bear."
Looks like it'll be more difficult for TEAM_UKR to get itself out of its Hole...
http://rt.com/business/moody-ukraine-downgrade-default-545/
"Default Imminent" - that pretty much cements the requirement to collateralize hard assets for all forms of Foreign Financial Assistance. Now there are demonstrations for "Self Determination" in the East and South - which will most likely leave this Fire Sale on a Sinking Ship.
The Foreign Policy Plans to "Criticize, Defame, Isolate, Contain, and Control" TEAM_RUS appear to be backfiring on so many Levels; and justly so. It makes me wonder exactly WHAT Ms. Nuland and TEAM_USA spent "Our" USD 5B on.
My Condolences to the True Victims of this Tragedy.
So we are is giving them the Hard D.I.C.C.C. treatment?
Hearing this whiney fuck is hilarious. Did anyone tell him the "west" is constantly starving children through sanctions?
It's worse when you realize that someone has their facts wrong and I don't think it's me. From what I understand, the discount that Yatsuniuk is speaking of was part of the sweet deal to pull Ukraine away from a disasterous EU agreement. Not only was the price of gas reduced, but the Russians were going to buy Ukrainian sovereign debt with a 5% coupon. There was nothing in the December deal that deal with the Black Sea port. That agreement was done back in 2010? It was to expire in 2017 but Yanukovich extended the agreement to 2042 or something. The deal also began to roll back restrictions on Ukrainian imports into Russia.
I could be wrong but that's what I remember reading about a month ago by a Polish columnist over at FT. I trust them over Reuters or WSJ any day.
http://blogs.ft.com/beyond-brics/2014/01/21/guest-post-ukraines-oligarch...
F U Yats!
What about the Feds' smash and grab of Ukrainian gold under cover of night? Out of sight out of mind.
At the onset of WW2 a U.S. Sub relieved the Philipines of all it's gold before the Japenese arrived , the crew all got a Medal of Honor, I'm sure Marcos got it back after the war, Bwaaaahahahaha.
Thanks, nice reminder.
The worst thing that Ukraine, the EU, NATO and the Petro-Dollar should prepare for is...
"GAS FOR GOLD! OIL FOR GOLD! How much can you afford? Buy it or Bounce, Bitchez!"
"GAS FOR GOLD! OIL FOR GOLD! How much can you afford? Buy it or Bounce, Bitchez!"
"GAS FOR GOLD! OIL FOR GOLD! How much can you afford? Buy it or Bounce, Bitchez!"
Yeah...
Watch... the next pronouncement from O'Bunny's gonna be that henceforth the only acceptable medium of exchange for Russian oil and gas id gonna be gold.
because there's not enough to go around, it means by inference and Syllogistic Logic that nobody'll buy Russian oil and gas and thus, harm Putin & Cie.
I cannot fathom the beating the West is taking with the Law of Unintended Consequences.
Guys, FFS, just declare Victory and go back to wanking, worry about dog catchers or something noble..
there is enough gold to go around - usa just doesn't have any - suggest you get an education about what is happening http://www.gold-eagle.com/article/emerging-dynamics-petro-yuan-standard
i don't think you or the down arrows got his joke.
Isn't that what USA is trying to do to Russia?
I have firewood for sale.
It's of no use with the new regulations being proposed by the EPA.
http://johngaltfla.com/wordpress/2012/07/12/the-epa-is-preparing-new-regulations-for-wood-stoves-and-fireplaces/
DaddyO
when the dollar collapses they want us to freeze - screw them - American Spring May 16th Washington DC - be there
When the US collapses it won't be the EPA knocking at your door, it will be Homeland Security. They won't care if you're burning dead trees.
The Masters starts Thursday. This Russian thingy could really cut into Barry's TV time
Oh Shit.
I didn't think of that. Him interrupting the Masters with 2 hours of pointless drivel.
No, Barry has aspirations of playing in the long driving, chipping and putting contest. He's written an executive order declaring a new eligibilty group aged 52 and older. Biden plans on pulling a Haig and will seize the opportunity to declare he's now in charge back at the White House.
No Tiger this year. No one cares
That poor guy has been irrelevant for several years. Lots of people will be watching the best players in golf at The Masters - tigger is no longer in that class.
Yes he is, he looks like the presidents son.
There be no shelter here
AD
Why don’t we just have a one hour video by John McCain on what the issues are and what we should do? Then we won’t have to use every word that a mobster-driven, illegal government in Kiev has to say.
Putin to Yatsenyuk
SHOW ME THE MONEY !!!!
Sounds like they already have everything lined up to switch away from the
petro dollar.They know it will take Europe three years to arrange alternate
supplies(if its even possible) by which time they will be ready to ship oil, and
gas to China.Shows what proper forward planning can do against a paper tiger.
Full yuan convertability is check mate.
mora then set up http://www.gold-eagle.com/article/emerging-dynamics-petro-yuan-standard
Ukraine need to shut the hell up and learn what free market is. You need natural gas... Russia has it... so pay what they ask, or find alternatives.
Makes you wonder who's running the show with such entertaining incompetence.
http://en.wikipedia.org/wiki/Project_for_the_New_American_Century
its not coincident russia is the largest country in the world, this nation and its leaders think and act with landmass on mind as a result all neighboring countries and territories gets destabilised
Is Obama going to pay the price of his coup to Gazprom? Is Obama going to instruct Putin in the proper price of gas?
O'bathhouse is working on gay marriage right now. He doesn't have time
Which one?
With Sasquatch the Reginator or other people's he's not had the balls to address, yet?
Vlad warns GoBomb'm: "See This Line?"
Says the psycho Hitleresque bitch from Ukraine.
I'll always remember where I was when she rolled onto the stage post coup on that EU subsidised wheelchair.
Jesus, this is heating up fast! How, in a capitalist world, can you complain of gas prices, if you don't like the price go to another provider, that is the heart of free markets. It works well for me, if the gas station's price is too high, I go to another. I always have leverage, I am the customer, am I not?
Slowly, and then suddenly.
The bankruptcy of the USA,that is.
Natgas is a slightly different animal, it's more difficult to drive a country down the road to the next pipeline. But I get your point.
Welcome to the West, Ukraine!!! You're gonna love it here, at least until next winter.
This coming from a mouthpiece for the New Bolseviks, the alien entities that have used control of the global currency system to enslave billions, have directly murdered hundreds of millions and are in process of destroying all life on earth via their GMO monster.
You see the thing is, they don't have to accept it. They can go and buy it elsewhere. Good luck...
except elsewhere would actually require payments to be made
There's always a catch in the fine print.
This may be the equivalent of Saudi charging 1/4 ounces of gold per barrel. And next, the whole world starving.
This game of chicken will get even more serious when the resource companies play the geopolitical card. It's nothing funny to be in Eastern Europe these days. And believe me, nobody likes Russia around here - and this is for serious reasons (many around here had relatives being herded to Siberia and killed, or relatives being raped, or relatives being imprisoned and tortured or killed by Russian sponsored mafia in communist times).
Charge what they like. It's a free market.
This article from 2001 lays it all out as to what the Ukraine can expect their non-future to look like.
http://www.theguardian.com/business/2001/apr/29/business.mbas
Excellent piece there, from the Guardian.
Written in 2001 ... before the Brit Security Services came a-calling at the Guardian' offices, confiscating computers and generally strong-arming the journos.
The paper is now sanitised ... it's now complicit in crowing the "Party Line".
Fear does that to you.
Activists who took the Kharkiv Regional State Administration, said that runaway ex-president Yanukovych has landed in Donetsk.
How long before Yanukovich asks for Russian protection?
I think Yanukovych is on his own. Putin views him as a weak pussy for letting this mess happen on his watch.
Ok is there anyone left on the planet who thinks all these leaders are actually in charge of anything?
I would like to see the real scumbags emerge from the shadows.
Everything nowadays is all lies and theft.
Very eerie argument.....
I admit I don't know anything remotely related to Ukraian or Russia....
Having said that, let me ask the following questions:
1. How much did Germany pay for Russia Gas? or Poland Paid? Was that 500? If so, why would Ukraian complain about?
2. Does Ukraian have to buy gas from Russia? If Ukraian is not happy about it, why not just walk away?
3. Does Russia have to sell gas to Ukraian? If Russia is not happy about the price, why not just walk away?
4. Why Ukraian must keep a close contact with Russia? If not happy, why not just shut the door down or close border up and ask Russians to go away?
Another stupid question: Why Ukraians would be fooled by other western nations to pick a fight against Russians? does the western pay up in the first place for such a fight?
I just don't understand. Wasn't the CrimeA a gift from Russia sometime ago, now russians got pissed, they want it back? A git that keeps giving ( Crimea, in terms of ...discounted gas for using some land or port in Crimea)...now that the gift was rescinded, so went the gift that keeps giving ( discount)...
some sagacious man or woman in Ukraian, please explain it?
the people voted to rejoin Russia - Russia did not invade Ukraine - the US stirred up a phoney revolution to try to protect the petro dollar - and it is back firing in their faces. They are intent on starting a war and so far cooler heads have prevailed http://www.gold-eagle.com/article/emerging-dynamics-petro-yuan-standard
this whole thing has been played wrong from the beginning. i wouldnt have threatened russia or any of that. i would have met with european leaders and formed some kind of approach. bottom line if the country is not in nato its not really our business. russia is not iraq ha ha. they have nukes they can deliver. that should be remembered in dealing with them. but the downfall of the u.s like all other empires is over expansion while u have huge poverty here and no manufacturing jobs. thats a formula for collapse which will happen at some point exactly when who knows. game set match on the american empire what will replace it who knows.
Don't worry, the EU and IMF will save you HAHAHAHA!
So what's your problem Mr. Yats? Just ask your buddies overseas for the cheeeeeaaaap shale gas. Problem solved.
Ukraine - Russia has gas. You have the world's most beautiful women. Ever hear of trading? You could send Julia to Vlad as an appetizer.
Julia lost her charmes and converted to whichcraft instead!!!
Maybe they should only cook their taters with the gas and then it won't be so bad for them. Unless they don't know how to cook taters.But that would be worse than having gas. I mean not having taters. Oh now I don't know what I mean. I think I'll BTFD tomorrow.
You can BTFD alongside the early bird special or BTFATH at champagne brunch.
The U.S. will air drop Snuggies.
$6.95 shipping and handling.
Some inexperienced little kid from GS said this was all transient.
Once again, Putin's got the EU and Ukraine by the gonads. CHECKMATE.
Let me get this straight:
They are raising the prices because they have not been paid ...?
If you are not paying who cares what it costs.
If raising the cost of energy by 81% is 'economic aggression' then is the Fed guilty here in the US?
Putin knows that Ukraine will not pay this - the US and EU will -- as 'aid' to the 'free' Ukraine.
As silly as those comments are, there's actually some teeth behind them that isn't being discussed. According to what I've read, the Crimean peninsula doesn't have any power generation plants of its own. It gets all its power through the Ukraine (and not from across the straits in Russia). So, if Putin turns off the gas to Ukraine or charges a huge new price, the Ukrainians could respond by turning off power to the newly minted Russians of Sebastopool.
Not quite. Ukraine power is nat gas sourced, and even with that they overconsume their production.
The difference comes from the Russian grid.
Some EU gas transits through Ukraine. At the checkpoint you don't exactly know,whos gas you are dealing with EU's or Ukrainian. I remember Julia knew exactly how to mplay this game (in her favour obviously).
This psychobabble has a distinctly Western tone to it. Teleprompter much?
I see Dr. Roberts was quoting Zero Hedge today in his blog.
I love his articles, he definitely calls a spade a spade.
All Federal Reserve debt notes are soon to be backed by genuine Kenyan grade, polished turds. The tribes have already created two trillion metric tons of these unique treasures.
Beggars CAN be choosers, apparently.
Hopefully this is just election talk. He can't be this dumb can he? Yats, talk to the Kremlin by backchannels, promise to string the EU and IMF along to get some big loans, win the election, then renege on the loans afterwards, get a new Russian gas deal for next winter.
OR get tooled by Nuland and have your country disintegrate. Ask yourself when the shit hits the fan -- will I be taken out by the Yanks, the Russians or my own neo-nazis?
If you like your subsidized low gas prices you CANNOT keep your subsidized low gas prices. Welcome to the market economy bitchez. And if you think this is bad just you wait until you need to implement the IMF's 'structural adjustment programmes'. How about that as 'economic warfare'?
Speaking at a cabinet meeting, Richard Nixon said Saudi Arabia's price increase was a form of "economic aggression," adding that Washington will not recognize the new price and is ready to challenge it in the international arbitrage court.
I don't seem to remember that happening in 1973.
Ukraine should build windmills like the British do......nothing more exciting than driving past NSA facility Menwith Hill and watching windmills turn.........a diversion from the £40 million underground power station the NSA built......or the windmills turning near Eggsborough power station......very amusing.....
On the other hand a levy of 10% tax on US gasoline should raise enough funds to subsidise Ukraine's wasteful use of energy and show Brotherly Solidarity
The Germans had a big push for "alternative" energy generation awhile back, and went bonkers putting windmills all over the frickin' place.
Siemens wind turbines everywhere...
Not surprised about the gas price hike. Why would Russia help a hostile government anyway?