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Ukraine Default Risk Soars As Reserves Collapse 63% YoY

Tyler Durden's picture




 

Amid contingent offers of more bailout loans from Europe, and a looming $3bn debt repayment to Russia, Ukraine's default risk has surged once again to post-crisis record highs. With missing gold and despite foreigners encouraging investment, Ukraine's reserves are in total freefall as this morning's data shows a new low and down a stunning 63% year-over-year.

 

 

Not what Obama wanted...

 

Chart: Bloomberg

 

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Mon, 01/12/2015 - 15:00 | 5652162 ghostzapper
ghostzapper's picture

Gonna need a hotter skank pimping bizdev and debt. 

Mon, 01/12/2015 - 15:02 | 5652171 CH1
CH1's picture

Must... Have... WAR!

Mon, 01/12/2015 - 15:01 | 5652175 SoilMyselfRotten
SoilMyselfRotten's picture

Just use your gold...oh wait...

Mon, 01/12/2015 - 15:47 | 5652373 TheFourthStooge-ing
TheFourthStooge-ing's picture

Cue spambot alexmark2013 shilling his shitty site.

Cue freedom123 trolling for potato.

Cue Yats in bunny ears:

http://i67.fastpic.ru/big/2014/1207/46/dc51a1d1dd7ade94bc19e23758dc0146.gif

Mon, 01/12/2015 - 16:34 | 5652540 Haus-Targaryen
Haus-Targaryen's picture

Enjoy your purchase Europe.  There is a "no return policy" as well as a "you break you buy" policy in effect.  

Sincerely,

Vlad 

Mon, 01/12/2015 - 17:22 | 5652766 Latina Lover
Latina Lover's picture

I wonder what portion of the remaining Ukie 'reserves' are in Lehman Bros bonds, and AIG?

Mon, 01/12/2015 - 18:28 | 5653096 TheFourthStooge-ing
TheFourthStooge-ing's picture

Consider that George Soros is anxiously pushing what he claims is a way for the EU to provide $50 billion to Ukraine from the Balance of Payments Assistance facility and the European Financial Stability Mechanism by simply, "modifying their respective regulations by a qualified majority upon a proposal by the European Commission."

I wonder how much that animated cadaver stands to lose when the Ukies default.

Mon, 01/12/2015 - 18:55 | 5653211 HowdyDoody
HowdyDoody's picture

"I wonder how much that animated cadaver stands to lose when the Ukies default."

Whatever it may be, it is not enough.

Mon, 01/12/2015 - 15:03 | 5652172 observer007
observer007's picture

Ukraine needs 100 B  to survive

The key element of these agreements is a ceasefire regime, closing the border and pullout of all foreign troops, Ukraine's president says

Interpol has put ousted president Viktor Yanukovich, his son Aleksandr and former prime minister Nikolay Azarov along with several other former Ukrainian leaders on the international wanted list.

more:

http://tersee.com/#!q=ukraine&t=text

Mon, 01/12/2015 - 15:20 | 5652245 Max Steel
Max Steel's picture

foreign soldiers . You mean west/blackwater private thugs ?

 http://www.kyivpost.com/content/ukraine/ukraine-crisis-media-centre-andr...

Mon, 01/12/2015 - 15:48 | 5652372 Paveway IV
Paveway IV's picture

No - it's an entirely different subsidiary:

 

At the beginning of the week, Russian state TV reported that several hundred armed men with military-looking bags arrived to the international airport of Kiev.

It was reported that the tough guys are employees of Greystone Limited, a subsidiary of Vehicle Services Company LLC belonging to Blackwater/XE/Academi.

Greystone Limited mercenaries are part of what is called ‘America’s Secret Army,’ providing non-state military support not constrained by any interstate agreements, The Voice of Russia reported.

 

Hmmm.... 'Vehicle Services Company' Damn! So that's why the Ukrainian Embassy's motor pool budget went up by $2.1B this year. I figured it was just the expesive tires.

Mon, 01/12/2015 - 16:53 | 5652630 Freddie
Freddie's picture

I would bet several hundred Chechen volunteers will gladly go to NovoRussia to greet these mercs.  God help these GreyStone stooges.   They have no idea what they are getting into.  

My guess is they will be used to bully Ukrainian conscripts who do not want to fight.

Mon, 01/12/2015 - 17:26 | 5652782 Latina Lover
Latina Lover's picture

Most of the greystone/blackwater creeps are used to beating down on civilians and torturing irregulars. It will be fun to see them up against some real opposition.

Mon, 01/12/2015 - 19:36 | 5653365 sam i am
sam i am's picture

'Vehicle Services Company' Damn! So that's why the Ukrainian Embassy's motor pool budget went up by $2.1B this year. I figured it was just the expesive tires."

Today in: Ukrainian junta shelling the Donbass (again)

In other news, the Ukrainian junta has resumed and even dramatically stepped up the shelling of Novorussia.  So far, the firing appears to be of the typical terror strikes kind - randomly aimed at the civilian sectors but this could also be a way to probe the Novorussian counter-battery fire capabilities and artillery positions (thanks for the counter-battery radars delivered by the USA to the Nazis).

The most worrisome development, however, is the confirmation by Foreign Minister Lavrov that the Russians have intelligence showing that the Ukrainian junta is preparing for a full scale assault on Novorussia.  This would make perfect sense: now that the entire world has its eyes focused on the wonderful show of unity by the world for freedom of speech and against terrorism, it is a prefect time for a bloodbath in Novorussia.

 

http://vineyardsaker.blogspot.com/2015/01/yats-is-charlie-and-ukrainian-junta.html

Tue, 01/13/2015 - 01:47 | 5654461 Paveway IV
Paveway IV's picture

"...The most worrisome development, however, is the confirmation by Foreign Minister Lavrov that the Russians have intelligence showing that the Ukrainian junta is preparing for a full scale assault on Novorussia..."

I sincerely hope they have this intelligence. ZATO and Ukraine (well, the Jewish Oligarchs) have pretty much been advertising some kind of massive Winter/Spring offensive for months. I think the plan to blow the nuclear power plant was somewhere in there. Anyway, the delay has been that no Ukrainians want to fight for them because ZATO and the oligarchs SUCK. Thus, the alternative effort to beef up the ranks of the Greystone serial-killers and assorted Polish mercs and Stazi recruits. Hell, ZATO's probably flying in ISIS for the campaign. Might as well get their money's worth from those worthless pricks! Sure, the Twitter hack was good for the LULZ but the Peshmerga women are kicking their ass in Kobane. Get their head-chopping asses up to Zaporizhia and make them put on a Ukrainian uniform, otherwise no more TOW-2As for those jihadi bastards. 

Mon, 01/12/2015 - 16:26 | 5652509 JohninMK
JohninMK's picture

57 standard containers just arrived by sea from Canada, contents unknown but valuable enough for the port of Odessa to go into military lockdown.

Mon, 01/12/2015 - 17:28 | 5652785 Latina Lover
Latina Lover's picture

Canadians as arms dealers.... buy  10 Barrett. .50 cals, and get a case of Labatts for free ..what a fucked up world!

Tue, 01/13/2015 - 02:07 | 5654499 Paveway IV
Paveway IV's picture

Barrett .50? [yawn...] 

Wake me up when they have a two-fer on Finnish LHATI L-39s - the ones with their own plywood skis. I hate to have to maneuver around buildings when it's more convenient to go right through them. That's a time-saver right there, buddy.

Mon, 01/12/2015 - 17:23 | 5652767 Mike Masr
Mike Masr's picture

Russian Cossacks will kill these thugs!!

Mon, 01/12/2015 - 15:03 | 5652174 kliguy38
kliguy38's picture

Too bad they "lost" the only reserves that really count......hehehehe

Mon, 01/12/2015 - 19:16 | 5653291 ZH Snob
ZH Snob's picture

goodie! maybe having to bail out greece, the ukraine and eventually all the rest of the PIIGS the EU can reassess their gloabalist plans.

Mon, 01/12/2015 - 15:04 | 5652177 Tsar Pointless
Tsar Pointless's picture

What's Ukranian for "bullish"?

Mon, 01/12/2015 - 19:24 | 5653329 sun tzu
sun tzu's picture

Charles Evans

Mon, 01/12/2015 - 15:05 | 5652186 KnuckleDragger-X
KnuckleDragger-X's picture

I wonder who is holding the wrong end of those CDS? Somebody is gonna have to eat it, so look for some Draghi magic....

Mon, 01/12/2015 - 15:07 | 5652195 youngman
youngman's picture

The mail order brides should be a little cheaper...and they have beautiful women

Mon, 01/12/2015 - 15:11 | 5652203 pashley1411
pashley1411's picture

Didn't Ukraine already ship its gold out?   And then, by "reserves", you mean the soon-to-be deprecatied fiat issued by other countries that is losing its purchasing power, by the hour?

Mon, 01/12/2015 - 15:12 | 5652206 BullyBearish
BullyBearish's picture

The IMF offer still stands..."Kill everyone in the Eastern Ukraine and we will give you BILLIONS!!"

Mon, 01/12/2015 - 15:38 | 5652318 noben
noben's picture

That must be it, because...

The Ukrainian army will take part in 11 international military drills this year to bolster NATO standards in troops. Despite economic crisis, Kiev will still use 5.2 percent of its 2015 budget on the army. (http://rt.com/news/221715-ukraine-2015-nato-wargames/)

Whatever happens, Putin clearly will not intervene directly in Ukraine when NATO accepts Ukraine into its club.  (http://rt.com/news/217323-nato-ukraine-russia-relations/).  He's become China's bitch and they have him on a short leash.  That, plus the Boyars (now 'Oligarchs') won't risk everything by going to war. They'd rather pay their Dues for now and wait for regime change.  Money is almost never patriotic to anything or anyone but itself.

Mon, 01/12/2015 - 15:55 | 5652394 Max Steel
Max Steel's picture

" Ukraine coming into nato " Forget it . Never going to happen . Even ukrainians aren't interested in it 

Mon, 01/12/2015 - 16:35 | 5652547 tonyw
tonyw's picture

ukraine has again been shelling civilians over the last couple of days, looks like they are getting ready to re-start the attack on the east :-(

 

Mon, 01/12/2015 - 23:33 | 5654171 Rock On Roger
Rock On Roger's picture

More conscipts will die.

Mon, 01/12/2015 - 15:15 | 5652224 Max Steel
Max Steel's picture

BUT Kiev troops are preparing a new attempt to resolve the conflict in eastern Ukraine by force .

 A 8-year-old boy Vanya lost both his legs, right hand and one eye; his second eye can barely see the light. Vanya was playing with his younger brother when a shell of the Ukrainian army hit their house in Shakhtersk. : https://www.youtube.com/watch?v=oPb8h9EYOc8

 https://www.youtube.com/watch?v=nYMnQXATacM

#Je Suis Donbass . 

Mon, 01/12/2015 - 15:22 | 5652258 cheech_wizard
cheech_wizard's picture

USSA puppet regime - WINNING!

Mon, 01/12/2015 - 15:35 | 5652310 Ewtman
Ewtman's picture

The longer the crisis in Ukraine continues the more dangerous the situation gets. Gorbachev's fears should worry everybody...

http://www.globaldeflationnews.com/gorbachev-warns-of-major-war-even-nuc...

Mon, 01/12/2015 - 15:53 | 5652389 Son of Captain Nemo
Son of Captain Nemo's picture

Part I Violent coup to overthrow legitimate government

Part II will start a war because the Country has effectively ceased to exist and the indigenous (that haven't been murdered yet) will be getting very hungry in the days and weeks to come as the the outside interests that lied to them and made it all possible paid with lip service had empty pocket(s) in the first place!...

And best of all none of it needed to happen!

To the U.S. military.  I see many "red berets" in your future!

Mon, 01/12/2015 - 15:54 | 5652391 T-NUTZ
T-NUTZ's picture

We plundered some folks.

Mon, 01/12/2015 - 16:00 | 5652406 basho
basho's picture

wow, where is all that support.

where is mcain

where is nuland

where is mutti merkle

don't forget biden and son and the buffoon on the links

and the imf

UE just got reamed.

no money, no gold, a lot of nazis and kolomosky types.

a lesson to all you mopes that follow the ussa

Mon, 01/12/2015 - 16:43 | 5652584 ThisIsBob
ThisIsBob's picture

Where are the ATC tapes and the US intercepts?

Mon, 01/12/2015 - 16:15 | 5652453 PrayingMantis
PrayingMantis's picture

 

 

... let me re-arrange "Ukraine Default" ...

 

... "A Fake Ruled Unit" ...

 

 

... and there are others too ... take your pick ... :)

... "A Nu* Leaked Fruit" ... (*Nuland?)

... "Future Anal Dike" ...

... "Nuked At Failure" ...

... "Unlit Eureka Fad" ...

... "Inked Urea Fault" ...

... "A Urinated Fluke" ...

... "A Tad Ireful Nuke" ...

... "A Fueled UK Train" ...

... "Fade Nuke Ritual" ...

... "Fake Nude Ritual" ...

... "Fake Urinal Duet" ...

... "Deaf Luau Tinker" ...

... "A Failed UK Tuner" ...

... "Flaked Urea Unit" ...

... "Farted Luau Kine"* ... (* Kine = hawaiian expression compared to "whatchamacallit")

... "Untrue Flak Idea" ...

... "Aired Fluke Tuna" ...

... "A Fake Lurid Tune" ...

... "A Freak Until Due" ...

..."A True Dual Knife" ...

 

 

 

 

Mon, 01/12/2015 - 19:16 | 5653288 Rusputin
Rusputin's picture

Mostly fakery, taking the urine and rudeness - sounds about right!

Mon, 01/12/2015 - 17:05 | 5652687 Mike Masr
Mike Masr's picture

Fuck Ukraine, puppets of US and EU

Mon, 01/12/2015 - 17:32 | 5652810 Catalonia
Catalonia's picture

US-EU funded Ukraine to start a war agains Russia and instead of doing that Ukraine started a war against itself. Putin wins. 

Mon, 01/12/2015 - 18:53 | 5653198 CitizenPete
CitizenPete's picture

Everyone is already overstocked on Wolf steel case rounds, Red Army Standard and 54R surplus crates. Exports may suffer unless prices drop

Mon, 01/12/2015 - 19:12 | 5653273 Rusputin
Rusputin's picture

With all the talk of missing gold, stolen loan payments, drainage of reserves, 'lost' military hardware, is there any theft going on at all? Sounds like we need some CCTV cameras installing? Oh, they went missing as well?

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