This page has been archived and commenting is disabled.

Former Ukraine Deputy PM Says "Another Coup Can Not Be Ruled Out" Among Currency Implosion, Central Bank Charges

Tyler Durden's picture




 

A year or so on from the last coup in Ukraine, Ukraine’s former Prime Minister Sergey Arbuzov told TASS, with growing popular discontent, "another state coup can’t be ruled out in Ukraine." As the cease-fire deal hangs torn and tattered in the Debaltseve winds, the nation is a mess: a new gas dispute looms as Gazprom demands upfront payments; capital controls have been tightened as the $17.5bn IMF loan may not be enough; and the central bank governor faces prosecution as the economy craters. All of these factors have driven massive outflows from Ukraine and the Hryvnia has crashed to over 33 to the USD - a record high (and 70% devaluation from the last coup).

The Hryvnia has crashed...

 

As EmergingEquity reports, another state coup can’t be ruled out in Ukraine, with growing popular discontent, including among the leaders of the last year’s protests, Ukraine’s former Prime Minister Sergey Arbuzov told TASS on Friday.

“It is not ruled out that another state coup might occur in Ukraine,” Arbuzov said following a meeting of the Center for Studies of Economic and Socio-cultural Development of CIS Countries, Central and Eastern Europe.

 

“Maidan leaders and field commanders are voicing their discontent more and more loudly,” he said.

 

The current situation in Ukraine is characterized by an atmosphere of fear and repressions, Arbuzov said, adding that “people are afraid to voice their opinion.”

 

Sergey Arbuzov was the Prime Minister of Ukraine between January 28, 2014 and February 27, 2014 following the resignation of Mykola Azarov. Prior to that, he was the governor of Ukraine’s Central Bank.

*  *  *

A new Gas Dispute looms...

Russia demanded Ukraine pay for natural gas shipped directly to rebel-held areas of the country, re-igniting a long-running dispute over energy supplies and raising the prospect of a total halt.

 

Without cash upfront, OAO Gazprom will cut off Ukraine when prepaid supplies run out, which the Russian exporter said could be a matter of days. There will be no more advance payments until Gazprom follows all its supply agreements, Ukraine’s state energy company said Tuesday in a statement.

 

“A new gas dispute is inevitable before the end of this week,” said Alexander Paraschiy, an analyst at Ukrainian Concorde Capital in Kiev.

*  *  *

Capital Controls tighten...

  • *GONTAREVA SAYS PRESSURE ON UKRAINE HRYVNIA FROM BUSINESSES
  • *GONTAREVA SEES NO PRESSURE ON HRYVNIA FROM CITIZENS' OPERATIONS
  • *GONTAREVA:UKRAINE BANS BANKS FROM GIVING CLIENT LOANS TO BUY FX
  • *GONTAREVA SAYS NEW LIMITS FOR IMPORTERS TO CURB FX OUTFLOWS

 

Help can’t come fast enough for Ukraine.

 

Conditions are deteriorating so quickly that the International Monetary Fund’s $17.5 billion bailout, pledged less than two weeks ago, may no longer be sufficient.

 

While Ukraine waits for the IMF loan, central bank Governor Valeriya Gontareva is tightening the amount of foreign currencies available to importers and banning banks from lending money for clients to buy currencies other than the hryvnia. More restrictions may follow as the country’s economy contracts amid a deadly conflict with pro-Russian rebels in the country’s east, Gontareva said Monday.

 

With its foreign reserves dropping 61 percent to $6.4 billion in the four months through January, the “cupboard is basically bare,” said Timothy Ash, Standard Bank Group Plc’s London-based chief economist for emerging markets. The hryvnia has fallen 71 percent against the dollar over the past year.

*  *  *

And, echoing Turkey, the central bank governor faces prosecution...

Ukrainian Prosecutor General’s Office has opened a criminal cases against National Bank governor Valeriya Gontareva, the Vesti publication said on Tuesday.

 

 

The Vesti said the case had been launched on February 16, 2015. An entry to this effect was put on the unified register of pre-trial investigations.

 

Kiev’s Pechersky district court on December 1, 2014 bound prosecutors to launch a criminal case against Gontareva on charges of office abuse to derive unlawful profits.

 

The Vesti claimed that the charges referred to the National Bank’s currency interventions in August 2014.

*  *  *

But do not worry American taxpayers... your politicians will merely provide more of your government-debt-guaranteeing money to prop up the regime they installed... until they need a new one...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 02/24/2015 - 13:56 | 5822946 Cognitive Dissonance
Cognitive Dissonance's picture

The first rule of a coup of a coup is no pissing in the wind..............again.

<Hip waders are a must boys.>

Tue, 02/24/2015 - 14:03 | 5822981 Manthong
Manthong's picture

Maybe the Rooskies will fund the next one and after “disappearing” a bunch of pro-US Nazis.

That would be a good thing.

 

Tue, 02/24/2015 - 14:12 | 5823024 max2205
max2205's picture

I coup for food

I coup for moar bailout 

I coup because I love you 

Tue, 02/24/2015 - 14:26 | 5823074 cornfritter
cornfritter's picture

for a minute there i thought your avatar was setting spot prices! .. no martini in sight though.. yes, a chicken for every pot!!

Tue, 02/24/2015 - 14:32 | 5823106 y3maxx
y3maxx's picture

Meanwhile more and more bankers desiring to go "whistle blower", get suicided.

Tue, 02/24/2015 - 14:44 | 5823177 cornfritter
cornfritter's picture

:-) every now and again it actually is comforting to be an impoverished red neck...  i used to think i'd be allergic to pain and poverty, but it starts to grow on you, toughens you up, but doesn't steal your compassion

Tue, 02/24/2015 - 15:26 | 5823336 Chupacabra-322
Chupacabra-322's picture

"If at first you don't secede, Coup, Coup, Coup, again."
- Victoria "Cookies" Nuland.

Tue, 02/24/2015 - 15:28 | 5823350 Mountainview
Mountainview's picture

Fishhead sees the faults always with the others.

Tue, 02/24/2015 - 15:45 | 5823456 Patriot Eke
Patriot Eke's picture

The gold is already gone, and LPR/DPR forces are advancing.  In a recent video I saw, one of the fighters pointed to a captured artillery gun and said, "We'll use that to take Kiev."  The West is putting boots on the ground for many reasons, but the main one is to make sure the pro-Russian forces cannot, without serious consequences at least, advance as far as they are capable.  Kiev has no military left to field.  They have been defeated.  More and more drafts are not going to help either.  It's over for them unless they get outside help, and that's been the plan from the beginning in my opinion.

Tue, 02/24/2015 - 16:59 | 5823851 kananga
kananga's picture

At this rate, we might as well bundle Ukraine and freight it to Africa. It'll fit snugly in-between Gambia and Burkina Faso.

Tue, 02/24/2015 - 15:52 | 5823517 SilvertonguedAngel
SilvertonguedAngel's picture

Yeah being poor has it's advantages.

 

When wall street tanks none of us even notice.

Tue, 02/24/2015 - 16:27 | 5823692 RevIdahoSpud3
RevIdahoSpud3's picture

The nice thing (if there is a nice thing) about being impoverished, redneck or not, is that when the ceiling comes crashing down to great depression levels a poor person may not notice the difference. Life and lifestyles will remain unchanged. The ones who are affected most are those that lose enough assets they can't make it to their safe holes in S.A., N.Z. or where ever.

Tue, 02/24/2015 - 14:41 | 5823160 DetectiveStern
DetectiveStern's picture

If there's another backed by Russia the MSM will claim that a bunch of Neo-Nazi's are staging a coup.

Tue, 02/24/2015 - 14:06 | 5822993 disabledvet
disabledvet's picture

Sure isn't the policy of anyone on this site that I am aware of.

 

Time to fire this Secretary of Defense as well?

Tue, 02/24/2015 - 14:26 | 5823076 Youri Carma
Wed, 02/25/2015 - 02:32 | 5825919 one_hundred
one_hundred's picture

my neighbor's mother makes $86 /hr on the computer . She has been laid off for 10 months but last month her pay was $21128 just working on the computer for a few hours. go to the website... www.globe-report.com

Tue, 02/24/2015 - 13:56 | 5822949 Mike Masr
Mike Masr's picture

Fuck the banderist nazi junta and as Victoria Nuland says, fuck the EU!  

Tue, 02/24/2015 - 14:09 | 5823011 disabledvet
disabledvet's picture

Well I don't see her rucking up anytime soon either.

 

"Thank you for saving me from the draft!"

 

Oh, yeah and..."only idiots serve their country.". That was another good one.

 

Indeed so fine sir!  Indeed so!

 

Now pass me the ketchup!

Tue, 02/24/2015 - 14:38 | 5823132 Youri Carma
Youri Carma's picture

Correction: Nazionist Junta - Poroshenko's father surname is “Valtzman,” a Jew, yet Petro Poroshenko uses his mother’s maiden name, “Poroshenko,” reportedly also a Jew.

Tue, 02/24/2015 - 13:56 | 5822955 Jonesy
Jonesy's picture

Fuck Porky, he's toast!

Tue, 02/24/2015 - 14:35 | 5823120 JuliaS
JuliaS's picture

Tymoshenko 2.0

Tue, 02/24/2015 - 19:00 | 5824341 gallistic
gallistic's picture

Early on, Merkel thought that was the plan and openly backed the thieving "Gas Queen"- who seriously proposed using nuclear weapons on Russians- as the next "Leader" of Ukraine.

Neocon Nuland, junior "undersecretary of State for something"  told her and the entire EU to fuck off, and proclaimed that "Yats is the guy".

In a second coup, she might have a slim chance.

Tue, 02/24/2015 - 14:03 | 5822966 JustObserving
JustObserving's picture

Another failed state thanks to the Nobel Prize Winner spreading sweetness and light in this world. Ukraine will not recover for decades.  But the Neocons wanted war at Russia's borders for supporting Assad and there will be war and destruction for decades.

Obama failed his coup in Venezuela by Thierry Meyssan

Once again, the Obama administration has tried to force the change of a political regime that resists it. On February 12, an Academi (formerly Blackwater) plane disguised as an aircraft of the Venezuelan army was supposed to bomb the presidential palace and kill President Nicolas Maduro. The plotters had planned to place former MP María Corina Machado in power and have her immediately acclaimed by former Latin American presidents.

http://www.voltairenet.org/article186879.html

Tue, 02/24/2015 - 14:04 | 5822989 nuubee
nuubee's picture

It's actually embarassing how often America's leaders use destabilization as a political weapon. It's like watching a country use biplanes with mustard gas when it has smart weapons at home.

I mean, you've got tools of information that no one else on earth has... and you fund a coup? What morans. Find pressure points on leaders you don't like, and squeeze... you should never have to turn to bloodshed, ever.

Tue, 02/24/2015 - 14:07 | 5822994 Manthong
Manthong's picture

Let’s see.. Ukraine, Venezuela… maybe the Muslim–in-Chief can make it a fail hat trick.

 

Tue, 02/24/2015 - 14:22 | 5823055 SDShack
SDShack's picture

Oh that happened long ago... Libya, Egypt, Yemen.... the list goes on and on.

Tue, 02/24/2015 - 15:13 | 5823279 Manthong
Manthong's picture

Geez.. you’re right..

..must have been temporary mental myopia.

Tue, 02/24/2015 - 14:00 | 5822969 Kaiser Sousa
Kaiser Sousa's picture

this of course is a buy signal - right?

 

Vlad - please end this shit....

Tue, 02/24/2015 - 14:18 | 5823047 Alberich
Alberich's picture

Vlad understands not to interfere with one's enemies when they are making a mistake.

Tue, 02/24/2015 - 17:58 | 5824097 Anunnaki
Anunnaki's picture

You are absolutely spot on with this comment. Putin will counter every belliggerent move with actions not pejoratives and scolding

Tue, 02/24/2015 - 14:01 | 5822974 Yttrium Gold Ni...
Yttrium Gold Nitrogen's picture

To quote Mish: 1. Fools never learn. 2. Fools stay in power longer than most expect.

Tue, 02/24/2015 - 14:02 | 5822979 disabledvet
disabledvet's picture

Well I'm sure Europe and the USA will step in there and start buying.

No worries Ukraine! We got your back on this one!

Tue, 02/24/2015 - 14:07 | 5822998 DutchBoy2015
DutchBoy2015's picture

You have Ukraine's back?   Go polish your jackboots and iron your brownshirt.   I guess you missed the Swastika flying right sector goons.

Tue, 02/24/2015 - 14:27 | 5823075 Bunghole
Bunghole's picture

You really shoudn't jump to conclusions after a whole 2 weeks here on the Hedge.

Sarcasm runs amok here and it's obvious you cant comprehend it when you read it.

Maybe by your third week you'll get it.

Tue, 02/24/2015 - 15:43 | 5823437 Ludwig Von
Ludwig Von's picture

Bunghole zegt het juist, goed tussen de lijnen lezen en kijken wie wat zegt ! lol Aangenaam en welkom op het forum van de Amerikanen met gezond verstand en overdosis aan sarcasme en zelfspot. ( Af en toe een trol, maar die worden hier nogal vakkundig aangepakt) . :-) 

Tue, 02/24/2015 - 14:09 | 5823007 DutchBoy2015
DutchBoy2015's picture

Everyone one of you NeoNazi supporters of Kiev should watch this one.    ''Reflections on MH17''    you won't find this on USA MSM pack of liars media.

https://www.youtube.com/watch?v=W-J4P3rChc0

Tue, 02/24/2015 - 14:13 | 5823027 sudzee
sudzee's picture

OT:

UK planes with arms going to ISIS shot down by Iraq.

http://english.farsnews.com/newstext.aspx?nn=13931204001534

Tue, 02/24/2015 - 14:15 | 5823035 DutchBoy2015
DutchBoy2015's picture

USA/UK/Israel has been arming ISIS all along .  They are the REAL AXIS OF EVIL.

Tue, 02/24/2015 - 15:17 | 5823303 Icelandicsaga.....
Icelandicsaga...............................................'s picture

You forgot Saudis and Qatar .. all those countries with  a hard on to depose Assad .. Israel... US .. UK .. Saudis and Qatar are in on ISIS   Gen. Wesley Clark . while not a big fan .. has been more forthcoming about US policy than MOST .. .he mentions the who behind ISIS .. worth a read... http://www.eurasiareview.com/20022015-gen-wesley-clark-isis-got-started-... Clark is the same one who said in 2007 at FORAV .. and in various interviews.... he had seen back in 2002 . a memo at the Pentagon mentioning the countries to be taken out by NATO  US . among them Iraq, Libya, Syria, Saudi Arabia, and Iran .. .Ukraine and Syria are connected .. in a twisted US PTB way .. all wars are bankers wars . or they managed to find enough ways to make massive amounts of money as do their corporate buds in the MIC.

Tue, 02/24/2015 - 19:14 | 5824322 layman_please
layman_please's picture

about a week ago some sources in ukraine were reporting that ukraine has started to mediate US weapon transfers to ... wait for it... assad. one can't make this shit up.

how is it you say?

all the king’s horses and all the king’s men
couldn’t put humpty together again.

Tue, 02/24/2015 - 16:19 | 5823655 Paveway IV
Paveway IV's picture

"...Gharawi added that "the US is trying to expand the time of the war against the ISIL to get guarantees from the Iraqi government to have its bases in Mosul and Anbar provinces."..."

Hey, that's where the Mosul to Haifa Blood-for-oil pipeline is being built. Lock down the area around Kirkuk after the fake ISIL war and you have the whole pipeline through Iraq and Jordan secured. The Golan? Yeah - Israel is building out the security buffer there, so that's nailed, too.

What a f'king coincidence...

Tue, 02/24/2015 - 16:40 | 5823753 RevIdahoSpud3
RevIdahoSpud3's picture

Interesting! Thanks.

Tue, 02/24/2015 - 14:16 | 5823038 vincenze
vincenze's picture

So, the 1%, who have US dollars, will be able to buy Ukrainian properties, plants, and factories for pennies.

Somebody will buy Yuzhmash that used to produce fearful Soviet ICBMs and demolish it, or the huge shipyard in Nikolaev that used to produce aircraft carriers.

Tue, 02/24/2015 - 14:18 | 5823048 Jano
Jano's picture

Britons in Ua? Do they speak Russian? How are they going to organize that training with a language barrier on both sides?

....non-lethal equipment, night-vision goggles, body armour, which we have already said that we will give to Ukraine......

the Novorosiani are happy also with the canadian delivery of the same.

They will be thankfull also for the british delivery. Ukrainians are so corrupt, that they will sell the british delivery to the other side without any hesitation.

Tue, 02/24/2015 - 14:30 | 5823099 kowalli
kowalli's picture

mercenaries will fight...

Tue, 02/24/2015 - 15:47 | 5823470 tired1
tired1's picture

I doubt it. They're there to spend the money they earn, not get shot to peices for someoe else's problems. That's the difference between fighting for a $ and fighting to preserve yourself and family against an invader.

That's what the west has become (or always was) : invading thugs bringing democracy one bomb at a time.

Tue, 02/24/2015 - 14:26 | 5823072 Max Steel
Max Steel's picture

Why not ? This coup de etat brought more poverty , corruption and violence instead of promised reforms during overthro

Tue, 02/24/2015 - 14:29 | 5823094 Pava
Pava's picture

actually it's 38 today...not 32...(officially) :)

Tue, 02/24/2015 - 14:31 | 5823105 kowalli
kowalli's picture

actually 38-40...

Tue, 02/24/2015 - 14:38 | 5823141 Chuck Knoblauch
Chuck Knoblauch's picture

Battle of the Banks.

Release the KRAKEN!

Tue, 02/24/2015 - 14:39 | 5823149 Quinvarius
Quinvarius's picture

The current Ukrainian leadership has been arresting Right Sector militia leaders and politicians faster than Adolf Hitler purged the Brownshirts. They even accused their Maidan snipers of being controlled by the Russians. It doesn't pay to be a NAZI dirtywork type when the panic sets in. Yeah. They are scared of something.

Tue, 02/24/2015 - 14:47 | 5823185 DutchBoy2015
DutchBoy2015's picture

The Dutch govt was paid off to keep quiet about the results of the MH17 investigation.  Notice they got their gold back but no one else.

This is a good video that would be banned on USA MSM

https://www.youtube.com/watch?v=W-J4P3rChc0

Tue, 02/24/2015 - 14:45 | 5823180 Mike Masr
Mike Masr's picture
DPR PM Alexandr Zakharchenko on Defender of the Fatherland Day

https://www.youtube.com/watch?v=WgpsXFMU6B4#t=321

 

 

 

 

Tue, 02/24/2015 - 15:17 | 5823307 Jack Burton
Jack Burton's picture

I look for direct western military involvement starting with the advisors, small arms and anti tank missiles. Soon this will include heavy gun and rocket systems. Then tanks and APCs from NATO old inventory from Iraq war days.

It remains to be seen how fast Russia responds. But the members of Russian parliament have vowed to consider this western advance into Ukraine as a declaration of war.

You can see where this is leading. Tit for Tat, until the first NATO troopers are killed in a NAF grad rocket strike. Imagine the headlines in Britain when 3-4 British NATO troops die in a hail of grad rockets fired by NAF during some battle! I would like to warn the foolish British, "It will be your guys that Washington pushs close to the front lines, so you can be killed". "You may support that act, but you will also die to prove your point."

Tue, 02/24/2015 - 18:34 | 5824251 tired1
tired1's picture

My sense is that the west expect a limited conventional war (because I cant accept that planners think that a nuclear exchange woulfd be a good idea.) Somehow the controllers beleive that there arent any consequences to themselves personally.

Cold War II is on its way. I wonder what methods Russia is contemlating to bring pain to the sociopaths calling the shots.

Perhaps now would be a good time to reveal Russian data about 911. It's tricky playing 3D chess with someone who only knows checkers.

Tue, 02/24/2015 - 15:15 | 5823290 Niall Of The Ni...
Niall Of The Nine Hostages's picture

So what is Putin waiting for? Get some boots on the ground and put this wounded dog out of its misery. One day all of Eurasia will thank him.

To a quick end to the fictional nation of Ukraine, and the re-unification of Russia.

Tue, 02/24/2015 - 15:15 | 5823293 Free_Spirit
Free_Spirit's picture

What a fucking mess. Putin will never forgive Porky. When Stalin got pissed off with someone, the usual process was to give them a promotion, or a higher place to fall from. So Putin smiling and shaking hands with the idiot means "I know what's going to happen to you, you fat murdering bastard". In any event, Ukraine needs to spell out its plans for rebuilding the East of the country which its so desperate to retain "sovereignty" over. Yet it seems to think Russia should pay to provide gas, energy and rebuild what Kiev destroyed. This game ain't over yet by far. Did Merkel think some treaty would end all this and they'd go home friends, after 5000 civilians in the East had been murdered in their beds ? That £40 billion or $17 billion or whatever it was is just going to disappear in one big slurping sound down the pockets of Porky and his fat playmates. Even fucking Sakaashvili's made an appearance, the wanker's like the grim reaper showing up wherever death is taking place.

Tue, 02/24/2015 - 15:21 | 5823314 Heavy
Heavy's picture

Proxy Fail

Tue, 02/24/2015 - 15:23 | 5823324 Icelandicsaga.....
Icelandicsaga...............................................'s picture

This guy gives the most honest evaluation on Ukraine I have heard so far ..... former Russia expert for Thatcher .. GETS IT as few do . he is not pro Putin but neither is he braindead regarding NATO and US CIA chicanery in Ukraine ... https://www.youtube.com/watch?v=Y_rgtKzKrPw

Tue, 02/24/2015 - 22:06 | 5825081 talisman
talisman's picture

Thanks for the great link !

Tue, 02/24/2015 - 15:28 | 5823352 Imagery
Imagery's picture

As even the dumbest 'murican is learning, and surely US MIC has known since Vietnam, Korea, Iraq, oh hell, prolly since Roman Times; the problem with these bought-and-paid-for whores is just that.  If you don't keep payin' em, they change sides.

Putin is the ONLY statesman and player in this comedy.

Tue, 02/24/2015 - 15:32 | 5823372 nah
nah's picture

Pro Russian Government gives Ukraine Crimean and east Ukraine

.

and pays them money for using gas, and alowing land use of the peninsula via Maripol

Tue, 02/24/2015 - 15:34 | 5823383 Mike Masr
Tue, 02/24/2015 - 15:37 | 5823402 Mike Masr
Tue, 02/24/2015 - 16:04 | 5823540 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

This is what a currency collapse look like, so much to have the privilege to piss off Russia.

Time for chart porn:

USDUAH one month.

USDUAH one year.

Now with Gold.

XAUUAH one month.

XAUUAH one year.

Even Bitcoin look more stable o.O.

XBTUAH one month.

XBTUAH one year.

Meanwhile USDRUB still stable at 62/1.

Enjoy !

Tue, 02/24/2015 - 18:10 | 5824144 DutchBoy2015
DutchBoy2015's picture

I get paid both in USD and EUROS (4 pensions).   I picked up 300 Euros a month the last few months just on the exchange rate from USD to Euros.

Tue, 02/24/2015 - 21:31 | 5824942 talisman
talisman's picture

[There will be no more advance payments until Gazprom follows all its supply agreements, Ukraine’s state energy company said Tuesday in a statement.]

the shutoff valve is on Russia's side of the border, idiots.

Do NOT follow this link or you will be banned from the site!