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IMF Approves Loan (To Pay Ukraine's Gazprom Bill): Putin 1 - 0 IMF

Tyler Durden's picture




 

After 'billing' Ukraine this morning, Gazprom must be jubilant this evening as news exudes from Washington that...

  • *IMF APPROVES UKRAINE LOAN OF $17 BLN OVER TWO YEARS
  • *UKRAINE EXPECTS FIRST TRANCHE OF IMF AID MAY 5-MAY 8: FIN MIN

But,

  • *IMF SAYS IMMEDIATE UKRAINE LOAN DISBURSEMENT TO BE $3.2 BLN

So that won't even cover the $3.49bn they already owe to Gazprom? (In fact, $2.2bn is approved for dissemination to Gazprom)

Remember we were already told by Ukraine that:

  • *UKRAINE ENERGY MIN DOESN'T AGREE WITH GAZPROM'S LATEST BILL
  • *UKRAINE ENERGY MIN SAYS CAN'T PAY PRICE GAZPROM IS PROPOSING

So - which is it? Won't Pay or Can't Pay?

As Bloomberg reports,

The government plans to use $2 billion from the first disbursement to support the budget as it seeks to trim the fiscal gap to 8.5 percent of gross domestic product this year and 6.1 percent in 2015, according to the document. The shortfall includes subsidies to state-run energy company NAK Naftogaz Ukrainy.

 

Part of the IMF money will help Ukraine settle $2.2 billion in back payments to Russian state-controlled OAO Gazprom for natural gas and pay for future imports. Gazprom said it will ask Ukraine to pay $485 per 1,000 cubic meters in the second quarter, more than the European market price.

 

...

 

After twice freezing loans to Ukraine since 2008, the fund is banking on the interim government’s resolve to tackle unpopular measures such as the phasing out of natural-gas subsidies.

 

The fund approval clears the way for additional aid from the European Union and the U.S. just as they widen sanctions against Russia for its actions in Ukraine.

 

...

 

“The authorities’ economic program supported by the fund aims to
restore macroeconomic stability, strengthen economic governance and
transparency, and launch sound and sustainable economic growth, while
protecting the most vulnerable,”
the Washington-based IMF said in an e-mailed statement today.

Remember, this is all about ensuring Europe gets it gas - since Russia/Gazprom had said no more through Ukraine pipelines if the bill was not paid since they were afraid of stealing. 

 

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Wed, 04/30/2014 - 17:17 | 4713784 NotApplicable
NotApplicable's picture

Bill collectors are standing by!

Wed, 04/30/2014 - 17:26 | 4713798 Battleaxe
Battleaxe's picture
Obama-Biden vacation tab reaches $40 million --- $2.9 million for flight expenses alone for two Obama 2014 golf outings

 

http://washingtonexaminer.com/obama-biden-vacation-tab-reaches-40m-2.9m-alone-for-two-obama-2014-golf-outings/article/2547892

Wed, 04/30/2014 - 17:27 | 4713831 davidalan1
davidalan1's picture

so, 17 trillion plus no biggie...right? ouy vey

reminds me of eastern airline pilots dressed in full uniform

picketing for raises outside of reagan national whilst their company was in chapter 11....

Wed, 04/30/2014 - 17:48 | 4713898 Pladizow
Pladizow's picture

Knowing this will end up in Putin's hands, is this an attempt to find his stash???

Wed, 04/30/2014 - 18:12 | 4713969 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

They know exactly where his money is. It is in the same place they got their's stashed. If they violate that criminal sanctuary, a whole bunch of Snowden leaks all of a sudden pop up exposing a few key NWO people's massive hoards of wealth in the same criminal sanctuary and then WWIII commences...

Wed, 04/30/2014 - 17:28 | 4713835 McMolotov
McMolotov's picture

"Let them eat 9-irons."

Wed, 04/30/2014 - 17:30 | 4713843 NotApplicable
NotApplicable's picture

"Please sir, can't I have a putter?"

Wed, 04/30/2014 - 17:24 | 4713822 davidalan1
davidalan1's picture

lmao...just had the visual of Ukraine phone ringing..."damn collections"

Wed, 04/30/2014 - 17:27 | 4713828 Black Forest
Black Forest's picture

A big Subotnik will bring in the missing USD 200 Mio, and even more.

Wed, 04/30/2014 - 17:29 | 4713837 TideFighter
TideFighter's picture

hmmmm, the second time the Fed back-door loaned money to the Nazi

Wed, 04/30/2014 - 19:37 | 4714202 Millivanilli
Millivanilli's picture

In addition, the country already owes the IMF under previous loan programs and the Fund's new loan could be tapped to repay off that.

LOL.
Wed, 04/30/2014 - 17:18 | 4713786 Tracerfan
Tracerfan's picture

A "loan"?  Who in the bankrupt nation is going to repay that "loan"?

 

Wed, 04/30/2014 - 17:20 | 4713801 astoriajoe
astoriajoe's picture

If Putin takes the whole country, will the IMF go after Russia?

Where's my popcorn?

Wed, 04/30/2014 - 18:15 | 4713975 max2205
max2205's picture

Ah hem... The IMF is 80% funded by US taxpayers. ...so now you should feel better

Wed, 04/30/2014 - 17:34 | 4713853 Poundsand
Poundsand's picture

Let me see if I have this right...

Ukraine gets a big loan to prop up their government and "trim the fiscal gap to 8.5%" and 6.1% in 2015?  How much of their industrial base is going with Russia on this one?  I am wondering what that fiscal gap will look like with: 1) no gas, 2) no industrial base but really really good farm land, and 3) a huge bill to keep what little military they have on standby to stop those pesky Russians 24/7/365 over the next year?

I wonder if "our guy" who is now in charge of Ukraine understands that he is getting butt raped as we speak?  Smart move for sure.

Wed, 04/30/2014 - 18:06 | 4713947 LawsofPhysics
LawsofPhysics's picture

Allow me to simplify for you;  "Who runs bartertown?!?!?"

Wed, 04/30/2014 - 18:36 | 4714044 sessinpo
sessinpo's picture

Tracerfan        A "loan"?  Who in the bankrupt nation is going to repay that "loan"?

----

You. Haven't you figured that out yet?

Thu, 05/01/2014 - 12:03 | 4716300 Bankstein Swiss...
Bankstein Swissgoldberg's picture

Best comment of the day.

Wed, 04/30/2014 - 17:17 | 4713788 Yen Cross
Yen Cross's picture

  Putin to UKRAINE ENERGY MIN>  "Fuck You Pay Me..."

Wed, 04/30/2014 - 17:18 | 4713790 cougar_w
cougar_w's picture

Haggling over the price of surviving.

Wed, 04/30/2014 - 17:19 | 4713794 davidalan1
davidalan1's picture

make 10k a week from home...go to my sight..www.dumbass.com

Wed, 04/30/2014 - 17:23 | 4713818 Rainman
Rainman's picture

your sight is probably good but your spelling sux ~

Wed, 04/30/2014 - 17:28 | 4713834 davidalan1
davidalan1's picture

site....you better now?

Wed, 04/30/2014 - 17:19 | 4713795 giggler321
giggler321's picture

IMF Approves Loan (To Pay Ukraine's Gazprom Bill)

Great.  Who's gonna pay the IMF's bill?

Wed, 04/30/2014 - 17:22 | 4713811 davidalan1
davidalan1's picture

Please refrain from making sense...

Wed, 04/30/2014 - 17:27 | 4713830 giggler321
giggler321's picture

dieses System ist kaputt

Wed, 04/30/2014 - 17:29 | 4713838 kurt
kurt's picture

A U S T E R I T Y  !

Wed, 04/30/2014 - 19:15 | 4714093 tom a taxpayer
tom a taxpayer's picture

STABILITEEEEE.

sayeth Jean-Claude Trichet. And for anyone wondering what happened to this former President of ECB: "On 1/26/2012, the board of the European Aeronautic Defence and Space Company approved the nomination of JC Trichet to the Board (to be formally validated by the General Assembly of shareholders on 5/31/12), where he will represent (with Dominique d’Hinnin of the Lagardère Group) the Sogeade - the structure bearing the French shareholders' interests.[2][3]

"On April 2012, Trichet was also appointed Bruegel's new chairman for a period of three years.[4] He will chair an 11-member Board, appointed by Bruegel’s members, whose main task is to make decisions on the think-tank’s strategy.

"Trichet succeeded Mario Monti as chairman of the European branch of the Trilateral Commission in 2012.[5] He is a member of the Steering Committee of the Bilderberg Group.[6]"

http://en.wikipedia.org/wiki/Jean-Claude_Trichet

 

Wed, 04/30/2014 - 17:39 | 4713861 Black Forest
Black Forest's picture

Great. Who's gonna pay the IMF's bill?

The Ukrainian tiger will.

Wed, 04/30/2014 - 17:19 | 4713797 astoriajoe
astoriajoe's picture

Putin must be really hurting now.

Wed, 04/30/2014 - 17:21 | 4713803 Rainman
Rainman's picture

Just when you think they can't possibly get more criminal ...

Wed, 04/30/2014 - 17:21 | 4713806 agent default
agent default's picture

#Winning

Wed, 04/30/2014 - 17:31 | 4713844 ILLILLILLI
ILLILLILLI's picture

#MoarWinning

Wed, 04/30/2014 - 17:21 | 4713808 Rakshas
Rakshas's picture

......OH PLEASE .......... OH PLEASE ......... for the love of doG please you eastern european numbnuts... PLEASE PLEASE just go Iceland on thier NAZION IMF asses..... TAKE THE MONEY AND tell them to go play hide and go fuck yourself........  

Wed, 04/30/2014 - 17:26 | 4713827 Seasmoke
Seasmoke's picture

Pay that man his money. He won that money, fair and square. 

Wed, 04/30/2014 - 17:32 | 4713847 TideFighter
TideFighter's picture

As payment for the loan, the IMF (Fed) will accept the huge mining rights for Ukraine's unobtainium.  

Wed, 04/30/2014 - 17:39 | 4713864 22winmag
22winmag's picture

IMF = the fucking bagman for transnational corporations.

Wed, 04/30/2014 - 17:41 | 4713869 CrashisOptimistic
CrashisOptimistic's picture

the "Higher than the European price" stuff is about the transit fee

Wed, 04/30/2014 - 17:43 | 4713873 nakki
nakki's picture

What's Detroit in the whole for? Oh well, More bankrupt countries giving another bankrupt country monopoly money.

Wed, 04/30/2014 - 17:51 | 4713900 tony wilson
tony wilson's picture

oy vay

oy vay

here the yats yiddisher say.

yo putins

cante pay

wonte pays

Wed, 04/30/2014 - 17:53 | 4713913 I am Jobe
I am Jobe's picture

USA USA USA - Smart Fuckers in the uSSA

 

Wed, 04/30/2014 - 17:56 | 4713924 davidalan1
davidalan1's picture
Conditionality of loans[edit]

IMF conditionality is a set of policies or conditions that the IMF requires in exchange for financial resources.[8] The IMF does not require collateral from countries for loans but rather requires the government seeking assistance to correct its macroeconomic imbalances in the form of policy reform. If the conditions are not met, the funds are withheld.[8] Conditionality is perhaps the most controversial aspect of IMF policies.[17 

good luck with the correcting the imbalances...haha

 

Wed, 04/30/2014 - 19:35 | 4714144 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Someone might want to look into where Ms. Lagarde banks her true personal wealth. All the key empire players have personal accounts at THE bank.

You want to know who really rules over you follow the personal money.

It wouldn't surprise me one bit to find out the Rothschild's are covering the difference from one of their personal accounts at THE bank transfering funds directly to Putin's account to keep the gas on for the moment while the public pissing match plays out. They get it on the back end in the rape and pillage by the IMF of resources for pennies on the dollar.

There is reason why they can't find all these people's monetary direct personal wealth when it comes to these richest in the world lists.

Wed, 04/30/2014 - 17:59 | 4713930 bankonzhongguo
bankonzhongguo's picture

It really is fascinating how the IMF pulls so many strings in these countries.

Hard to believe Ukrainian "ultra-nationalists" are so pumped to hand their people and belief systems over to another era of debt-bondage based in Washington DC.

Every self respecting ultra-nationalist I know would take these bankers out into the street and shoot them in the head as a rejection of the humiliation of Western debt-slavery.

Team FSB/GRU.  You want to hoodwink the Euro Combine, try executing some IMF'ers and other banksters instead of parading OSCE observers around.  You look like Iranian "students" circa 1979.

If you are going for the hearts and minds, at least target the most villainous scum that nobody has sympathy for.

 

Wed, 04/30/2014 - 18:02 | 4713936 novictim
novictim's picture

So who are the War Mongers?  Not the IMF and NOT Ukraine and NOT the USA and NOT the EU.

Can you dolts not see through your own lies and deceits or are you just paid Kremlin stooges?

And again, -IF- war is advanced by Russia then Russia will be getting a new flag.  It will be entirely WHITE.

Wed, 04/30/2014 - 18:39 | 4714055 sessinpo
sessinpo's picture

 novictim          So who are the War Mongers?  Not the IMF and NOT Ukraine and NOT the USA and NOT the EU.

Can you dolts not see through your own lies and deceits or are you just paid Kremlin stooges?

And again, -IF- war is advanced by Russia then Russia will be getting a new flag.  It will be entirely WHITE.

---

So why should I give a fuck of one ant colony takes over another? You are the dolt.

Wed, 04/30/2014 - 21:01 | 4714462 novictim
novictim's picture

That attitude, if taken during WW2, would have seen a World Reich.  

"All that is required for Evil to prosper is for good men to do nothing." -Edmund Burke

Wed, 04/30/2014 - 19:07 | 4714139 TheFourthStooge-ing
TheFourthStooge-ing's picture

Ukrainian Junta Citizenism citizens finance wars because they want wars. It gives them some opportunities they look for.

Wed, 04/30/2014 - 23:34 | 4714875 Wahooo
Wahooo's picture

Good grief, sir. US arms to Germany, from there to Ukraine, from there to Al Qaeda in Syria to fight for a pipeline funded by Qatar and the Saudis, and of course the Tribes win, too.  Not war mongers?  That kind of blindness is bad in a lot of ways.

Thu, 05/01/2014 - 04:15 | 4715139 dreadnaught
dreadnaught's picture

get an IQ, >75, THEN post here, please. do us all a favour

Wed, 04/30/2014 - 18:09 | 4713956 PacOps
PacOps's picture

He who controls the gas - makes the rules.

He who passes gas thru his lips ... is most likely full of sh*t.

Wed, 04/30/2014 - 18:14 | 4713973 Itchy and Scratchy
Itchy and Scratchy's picture

Now the Ukrainians a REALLY F'd!

Wed, 04/30/2014 - 18:32 | 4714027 disabledvet
disabledvet's picture

Announce Ukraine's ascension into NATO and demand a trillion dollars ...that would be a trillion US DOLARES for all you home gamers out there...for Full Retarding Crimea...and then issue an " or else" ultimatum as well.

Wed, 04/30/2014 - 18:38 | 4714052 Last of the Mid...
Last of the Middle Class's picture

IMF approves a loan to pay Gazprom bill while O'dipshit & Co. draw imaginary lines in the air by way of financial sanctions. You can't make this stuff up. Oh, and the white house did not change the talking points on Benghazi. My ASS! Crooks, all of them. Whatever happens they deserve what they get.

Wed, 04/30/2014 - 19:53 | 4714244 Slave
Slave's picture

Putin's score is a lot higher than that.

Wed, 04/30/2014 - 20:22 | 4714322 nje
nje's picture

"Remember, this is all about ensuring Europe gets it gas - since Russia/Gazprom had said no more through Ukraine pipelines if the bill was not paid since they were afraid of stealing."

Yeah, it is because of Ukraine's default that Gazprom needs to be afraid for its pipelines... lol. The Ukraine people wouldn't tamper with the pipelines due to Russia's illegal invasion, occupation and rigged referendum performed in Crimea. Or the raiding of Ukrainian government/security buildings by Russian spec ops. Or the rediculously massive "military exercise" on Ukraine's border. Or the theft of Ukrainian vessels. Or renege on the Gazprom/Ukraine contract. Or the renege on Butapest memorandum. Or threatening to invade Crimea because Ukrainian security forces WEREN'T working to keep the peace thus 'putting at risk Russia Citizens' (paraphrase). Or threatening to invade the remainder of East Ukraine because security force WERE working to keep the peace and thus 'putting at risk Russian Citizens' (paraphrase).

And that is just the last month. But Yeah, if Gazprom's pipelines are at risk, its because of Ukraine's default. Not because of the stacks and stacks of bullshit Ukraine has endured from those Russia bastard liers.

 

Wed, 04/30/2014 - 22:21 | 4714693 Clowns on Acid
Clowns on Acid's picture

The Community Organizer is still a little confused... So the State Dept And IMF are just taking over and ensuring that nat gas flows to Europe and that the "paybacks" from the Ukranians from the $17B honey pot make their way back to Brussels.

It's great that the IMF has an independent auditing group watching hw te $17B is spent.... yes...sarc.  

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