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Ukraine Bank Runs Begin As Poroshenko Plans To Sever Socio-Economic Ties With Separatist-Held Regions
In what the pro-Russian separatists call "an act of genocide," Ukraine's President Poroshenko signed a decree Friday that will explicitly withdraw state support for the regions within a month. While appearing to implicitly recognize the regions of Donetsk and Luhansk as autonomous, the decree means that the central bank will no longer service bank accounts, prisoners will be transferred (inmates with minor offences will be released), and perhaps most troubling as the cold winter begins, the order covers all public services, including crucial ones, such as schools, hospitals, and emergency services; and local heating and power plants will be subject to new laws that could involve cutting energy supplies altogether to the plants that don’t pay. Luhansk's leader exclaimed, "the total socio-economic blockade of Donbass is de facto an act on genocide and devastation of our people," and as the images below show, bank runs have already begun across the region with long lines forming at ATMs.
Ukraine's president has ordered the withdrawal of all state services, including funding for hospitals and schools, from rebel-held areas.
Petro Poroshenko issued a decree that also asks parliament to revoke a law granting self-rule to the Donetsk and Luhansk regions.
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Kiev has suspended the protection of human rights and ordered the withdrawal of its institutions from areas controlled by local militia in the nation's east. Rebels have branded the decree, which hits the population on winter’s eve, an ‘act of genocide.'
The move was prepared by the Ukrainian National Security and Defense Council last week and enacted by a presidential decree signed on Friday. It has yet to be ratified by the newly-elected parliament, but the decree explicitly says that this procedure must be expedited – so there is little doubt that the new governing coalition will adopt it next week.
Arguably the most controversial part of the decree is the suspension of the European Convention on Human Rights in rebel-held areas. The convention, which guarantees basic human rights and fundamental freedoms in Europe, has a provision which allows some of its articles to be derogated by a signatory “in time of war or other public emergency threatening the life of the nation.”
Kiev has been insisting that the military campaign it launched against the dissenting provinces is not a war, but an “anti-terrorist operation.” Apparently the operation threatens the life of Ukraine, which will now observe only those provisions of the convention, which cannot be derogated under any circumstances. In particular, they are the right to life, the prohibition of torture and slavery, and the right not to be subjected to unlawful punishment.
In practical terms, the decree orders that many social and economic ties with the self-proclaimed Donetsk and Lugansk People’s Republics be severed. Kiev will withdraw all its officials and evacuate its offices in rebel-held areas. The order covers all public services, including crucial ones, such as schools, hospitals, and emergency services.
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Local heating and power plants will be subjected to a “special procedure for accounting supplies of fuel” to ensure that their debt will not grow. This potentially could involve cutting supplies altogether to the plants that don’t pay.
“Poroshenko’s decree on the total socio-economic blockade of Donbass is de facto an act on genocide and devastation of our people,” Igor Plotnitskiy, leader of the Lugansk People’s Republic, said.
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Ukraine's President Petro Poroshenko has ordered a halt in serving bank accounts of enterprises and residents in southeastern Ukraine within a month, said a decree published on the president's official website Saturday.
"National bank of Ukraine [shall] adopt measures within one month to stop serving bank accounts, including card accounts, that belong to economic entities… and residents in the territories of anti-terror operation in Donetsk and Luhansk regions," the decree said.
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The Ukrainian central bank has been ordered to stop servicing all banks operating in the rebel-held areas. The accounts of individuals living there and companies located there have been frozen. This will stifle the local economy, as businesses will have to conduct transactions in cash or use a bartering system.
At the same time, the rules of taxation and budget transfers between Kiev and local governments in the Donetsk and Lugansk regions will be altered under the decree.
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As AFP reports, the bank runs have begun...
People line up to withdraw money from the cash machine at a bank in the eastern city of Donetsk.
The Ukrainian president plans to shut state offices and banks in the region.
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What is perhaps even more surprising is that following plans by authorities of self-proclaimed Donetsk People’s Republic plan to open new banks tomorrow to replace the existing branches of one of Ukrainian lenders, Poroshenko has stomped on that idea too..
- Ukraine Denounces as Illegal Plan by Insurgents to Set Up Bank
Almost seems like someone is spoliing for a fight again and is annoyed at the lack of headlines (and cash) his country is getting since the ceasefire began.
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I pointed out that you are not approuching in this discussion on fair rules based on evidence and arguments, but you are using logical fallacies as internet trolls are trained to act.
Until you change your behaviour - discussion with me is not possible. Good day to you, sir!
Of course. Anything if you can hide behind 'the rules' and 'the law'.
Fuck your rules and your law. That's my logic.
There wouldn't be much entertainment on this site without your idiotic posts.
A new Weekend Okhrana trainee. Welcome.
Interview with surviviors of Donetsk Airport Fire Station position.
http://www.youtube.com/watch?v=6LV2Q-eQ-1g
This tells more in real than all your inane posts totaled.
And this is message from those who defended Donetsk airport:
http://youtu.be/OBMi6nIOtRw
And this is reality about Donetsk airport:
http://youtu.be/Q1xnlQ3G0P0
https://www.youtube.com/watch?v=wL-7EHC1DbI
As you can hear - he is speaking pure russian and defending Ukraine. Understood?!
http://youtu.be/4SnhlmQLWro
The Russian merc is a direct threat to the Xe/Academi mercs and the Chechens in the tunnels!
I am f'king OUTRAGED! A whole crapload of my U.S. tax dollars are being stolen to bankroll anti-separatist, pro-oligarch mercs. The Russian mercs are ruining the whole value-proposition thing here.
How can I cram the U.S. brand of Jewish Oligarch 'democracy' down the throat of those fucking Ukrainians if they won't OBEY! We're trying to save them, for Christ's sake! Fucking ingrates! Get on your knees and prepare to be saved.
Volkodav, that was a very touching video. Spasiba, balshaya.
17 Year fighter Marina lost both Boyfriend and Father Donetsk airport,
"Look at us, we are warriors in our souls"
http://www.youtube.com/watch?v=ar3inuRLJFI
@8:00
17 Year old girl in Donbass Army
http://www.youtube.com/watch?v=6rcUcZoRWlo
There you are, Weekend Okhrana # 4. I was worried about you not making the scene and maybe missing out on your daily bread. I know things are tight in the Grand Duchy of Evil these days and I'm sure you need every kopeck you can earn to keep the heat on.
Sort of like how small palistininan children hide behind their terrorist mothers from the IDF saviors eh?
If the Federal Government revokes all services, they automatically revoke all 'rights' to the region, as well as any and all obligations of its citizens to abide by Federal rules and laws.
IOW: Kiev has made a defacto admission of Secession. All best are off. The affected regions, having already voted for Independence, are now free to form a legitimate government and seek outside recognition and assistance.
Just ask Slovenia, Croatia, Bosnia, Kosovo, etc, etc, on how it's done when you want Independence. Or a Rabbi: "I divorce thee, I divorce thee, I divorce thee", and it's done.
Agreed very much the same with the Laws in the US. The government does not obey the law thus are illegitimate. as such all citizens have an obligation to usurp and throw off illegitimate government and should.
Guess the G19 signed off on this.
This will pull Russia deeper into it on humanitarian grounds, this shows Kiev dosen't care who starves or freezes to death.
https://www.youtube.com/watch?v=9BNOAm2nBWo
http://thenews.pl/1/10/Artykul/173273,Polish-mercenaries-detained-in-eas...
Ok you take that bit, we get NATO forces in remainder. That is not what Putin wanted.
Check,
This has to be the nail in the coffin for porkyshenko.he just indirectly acknowledged that lugansk + donetsk are not part of ukraine anymore and has lost another 6 million people.from the start he has been doing everything wrong and their will be more states joining novorossia.
novorossia part2 = kharkov + zaporoziche (whatever you call that state) may 2015
No chance in hell, MKD.
Kolomoisky already mined the dams and will blow the nuclear power plant if he's in danger of losing them... because their HIS, of course.
He doesn't give a crap about a few million dead, irradiated Ukranians. He lives upwind - in Switzerland.
Interview with survivors from the Donetsk Airport fire station position
http://www.youtube.com/watch?v=6LV2Q-eQ-1g
see other of this YouTube account leading up to this fight
Fire Station isolated at end of runway alone and exposed.
That material doesn't hold any truth in it. Will Putin regime propoganda machine will ever run out of actors and lie propoganda materials? I don't think so - only when that regime will collapse and russians will win back their freedom from Putin oligarch regime. Untill than - they and some other part of world of naive people will be brainwashed.
Russian TV Propagandists Caught Red-Handed: Same Guy, Three Different People (Spy, Bystander, Heroic Surgeon)http://www.forbes.com/sites/paulroderickgregory/2014/04/12/russian-tv-ca...
PLEAEEESE!! go back to Yahoo
Are you some sort of Latina Lover Weekend Okhrana substitute player or just a useful idiot?
You can go direct to previous videos at the fire station location with this interviewed guy clearly shown including
Ukr probing attack and fire exchanged just a few days ago before the major Ukr attack came.
that and many others at Kazzura's YouTube account
Your argument is lame and dishonest.
Weekend Okhrana # 3. Where's Weekend Okhrana # 4, Latina Lover? Must have been some delay in picking up instructions from the head office.
The adhesion to lies exhibited by this Latvarian troll viedoklits is uncredibilized and desesperate.
Weekend Okhrana # 2 and I'm sure both of you remember your colleague...
Just put swastica as your avatar, not the approximation you currely use so people see where you are coming from.
Weekend Okhrana # 1, I'd like to introduce you to...
There is actually a bigger dipshit then the Bangalore asshole. I am really impresssed by your ignornace.
Sadistic anal money hoarders are not typically empathic individuals or benevolent when it comes to actually caring about human beings. If genocide will get their cash faster than diplomacy, they will likely opt for
a winter of genocide to make their wishes known in no uncertain terms.
Starvation worked wonders in the previous wars and it is not surprising to see it is being used as a hedge once again. The blowback to industry will be another wave of market implosions they cannot foresee at this juncture.
Moreover, it is obvious that this ploy is a shot in the dark and it will be equally obvious what the response will be from those that are about to freeze to death and starve to death in Ukraine.
Donetsk has already moved to a Russian/Moscow timezone. Its too late to save it unfortunatly.
Please add keywords 'zionists' to this newsitem.
Exactly. Unless we can completely identify our enemy this evil cannot effectively be understood and stopped. And it is not anti-Semitic to say that the tactics of the IMF, NATO and Poroshenko are the tactics developed by Jewish tacticians from ancient times – from Hungary to Lebanon, to Romania to Ukraine, to Poland to Russia, to Germany to Gaza…to the United States of America.
this will be the event by which the eurocrats finally see the ukrain neo-natzi's actually and openly collaborating behind their backs with putin.
the russians and chinese will fill the money vaccum here. the west will publicly complain about it, and putin will respond by saying that the ukranian govenrment's foibles created an untenable situation for the eastern ukraine, by which a monetary vaccum needed to be filled.
seems like everyone is clamoring about russia losing the petrodollar financial warfare. however, they're in it for the long haul with a hobbled crutch and longterm dependency on china. in the meanwhile they survive.
for the underdog. survival is the goal. and achieving the goal is winning.
when putin is dead , and eastern ukraine is open to western gas drilling, and syria is stabilized and definitively closed to gulf state pipeline construction.----you will know the west has won. so long as russia survives and none of these goals have been accomplished the west will simply be getting more desperate and throwing more of its own citizens purchasing power and savings after the goals of miltiaristic conquest.
japan is the canary in the coal mine. the pigs as well. until a 'spring' revolution finally occurs in a western alligned nation, there's no real concerns yet.
Doesn't sould like that will keep them from joining Russia.
Russia doesn't have to annex anyone in order to support Novorussia. Simply put, Russia already has acknowledged that they recognize Novorussia as an entity and at this point, they can provide their own means. Since VTB, Bank Rossya, and alike are pretty much banned in the west, then there is no complications or implications if they decide to allow these banks to open branches in Novorussia and allow them to trade amongst Rubles (be it Russian or Belorussian). Since Novorussia borders both Crimea and Rostov Oblast by land, and easy access to resources, energy and possibly aid.
One only has to look at South Ossetia and Abkhazia to see how things will turn out. In this case, Ukraine has pretty much lost its territory in the east (which is the most economical one as well).
Agree good post
I guess that the Dutch Govt. is trying to put together a train to retreive most of the plane parts of MH-17 (kinda late to the party though!)
Israeli-oligarch Poroshenko.
Don't count the zioncons nazis out yet
its only winter break
As long as Russia can stay out of direct confrontation, the more apparent will be the untainted 'benevolence' of the western powers, their sponsored coup ringleaders and US led NATO.
As long as Russia can stay out of direct confrontation, the more apparent will be the untainted 'benevolence' of the western powers, their sponsored coup ringleaders and US led NATO.