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US Taxpayer On The Hook As Ukraine Prepares Moratorium On Debt Repayments, Increases Military Spending
It appears, thanks to the generous backing of US taxpayers, Ukraine is about to get its cake and eat it too. On the same day as Ukraine's government unleashes a bill enabling a moratorium on foreign debt repayments - implicitly meaning default "in case of an attack from dishonest lenders" - the defense ministry unveils a plan to increase military spending by 17 billion hryvnia this year statuing that will “make efforts to find possibilities to finance needs” to secure country’s defense. Ukraine bonds are tumbling.
Military Spending is set to surge...
10 agencies, including Defense Ministry, that oversee defense and law enforcement asked Finance Ministry to increase defense spending by 17b hryvnia this yr, ministry in Kiev says on its website.
Finance Ministry will “make efforts to find possibilities to finance needs” to secure country’s defense.
Higher spending is needed because of increased army personnel.
But foreign debtors are set to lose... (as RT reports)
Ukraine’s government has submitted to parliament a bill that allows the introduction of a moratorium on foreign debt payments. The moratorium is to protect the assets of the state and the state sector in case of an “attack” from dishonest lenders.
"To protect the interests of the Ukrainian people, the Ukrainian government today has introduced to the Rada a bill that would give the government the right to suspend payment on Ukraine’s external debts and publicly guaranteed debts. In case of an attack from dishonest lenders on Ukraine this moratorium will protect the assets of the state and the state sector," a statement on the Cabinet website said Tuesday.
The moratorium "will not affect domestic payments and will not affect the stability of the banking system,” the UNIAN news agency said citing s source. In also said the moratorium does not include debt to the IMF, the EBRD and other institutional creditors.
The Cabinet said the moratorium will not affect the bilateral and multilateral obligations of Kiev.
And Ukraine bonds are tumbling...
Specifcally (as Bloomberg reports),
The eastern European nation is seeking permission to hold off on paying coupons, the first of which coming due is a May 21 payment of $33 million on a $1 billion note maturing in November 2016, according to data compiled by Bloomberg. Ukraine said cutting its debt burden is a question of justice, according to an e-mailed statement on Tuesday.
“This is a logical next step to show people they are serious,” Dray Simpson, the London-based managing director of emerging markets at Cantor Fitzgerald Europe, said by e-mail on Tuesday. “Up to now there has been a lot of talk and very little action and any confrontations have been won by creditors. If Ukraine are going to reverse that trend they need to be firm.”
Time is running out for the country and its bondholders to reach an agreement as a June 15 International Monetary Fund deadline for the restructuring approaches. Failure to strike a deal puts the next tranche of a $17.5 billion IMF loan at risk for Ukraine as it struggles to keep the economy afloat following a yearlong conflict with pro-Russian separatists in the nation’s east.
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Thank you American taxpayer...
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More zio-driven madness dumped onto the ole US taxpayer.
You're welcome. - Nulland
And here's your GMO cookie.
Of all the people in the world to try and steal $50 Billion from ....
Putin would not be high on my list.
Yes, let's hope they meet their final Waterloo here. Then be launched into space.
Why the surprise? The corrupt UKrainian oligarchs looting the country are Chosen.
No problem, chaos is good for business, it's our biggest export
...and bidness is BOOMIN'!!!
Nulland you Psychoapath POS Cunt! What? Becuase the 5 Billion we already dumped in that Fascist shithole wasn't enough? Fuck off & die Cunt Bitch!
I like it Chup.......hehehehe......don't stop there
Ukraine will be issuing by the end of June the Nuland Bonds - which will be guaranteed by the USA and act like the Brady Bonds in the 80's. The USA is the guarantor of last resort for all "Fascist Partners".
The Nuland Bonds will have detachable "cookies" in lieu of coupons which are tradable into Marijuana edibles
Funny, Nuland actually in Russia!
http://www.reuters.com/article/2015/05/18/us-russia-usa-nuland-idUSKBN0O30RQ20150518
"A visit to Moscow by U.S. Assistant Secretary of State Victoria Nuland is a sign that relations between Russia and the United States may be improving, the Kremlin said on Monday.
Nuland's trip comes days after U.S. Secretary of State John Kerry discussed the conflicts in Ukraine and Syria with Russian President Vladimir Putin and Foreign Minister Sergei Lavrov in the Russian Black Sea resort of Sochi.
Asked if Nuland's visit was a sign of improving ties, Kremlin spokesman Dmitry Peskov told reporters: "Yes, when President Putin was meeting with Minister Lavrov and Secretary of State Kerry ... it was mentioned that a closer dialogue ... was needed."
Nuland, who was holding talks in Moscow with two Russian deputy foreign ministers, has been strongly criticized in Russia in the past over her support for pro-democracy activists in Kiev during mass street protests that toppled Ukraine's pro-Moscow president Viktor Yanukovich in February 2014.
Nuland was expected to explore ways of bolstering a fragile ceasefire in eastern Ukraine between Ukrainian government forces and pro-Russian separatists and of implementing other aspects of a peace agreement forged in Minsk several months ago.
Russia blames the crisis in Ukraine on what it sees as heavy-handed meddling by the United States in a region Moscow has traditionally seen as its sphere of influence.
The West, in turn, accuses Russia of backing the separatists with weapons and troops, charges Moscow denies. More than 6,100 people have been killed in the conflict since April 2014.
The Ukraine crisis has plunged relations between Russia and the West into their worst crisis since the end of the Cold War, but the United States needs Russian cooperation to tackle a host of other global issues including Iran and the Syrian conflict."
Maybe she brought some cookies with her too.
I bet she feels like a fat stupid cunt with egg on her face. I wonder if the Russians could keep from laughing at her. Another AmeriKan fantasist, operating from the playbook in her head, where reality only intrudes sporadically, usually with the aid of a monster vibrator ya gotta kickstart.
Looks like a bunch of sissy twats saw the V-Day parade in Moscow and realized the Russians weren't fucking around.
Yet another source of victimhood for Nudelman.
Putin should have arrested her and sentenced her to a firing squad on red square for the lulz
she's probably transferring funds to agents to promote mass Muslim immigration of Russia, the tribe loves dictator Islam, they created it, it's "product" like Robocop®
Oh this is also Soros, Crown-Krinsky, Bloomturd, the Neo Cons like McCain and Neo Liberals like Schumer.
The US Govt is totally Z-evil and Z-owed.
Flush with their American dollars, the Ukrainian elite are lining up to buy apartments in New York's Sutton Place neighborhood. Money for nothing, the U.S.'s foreign policy.
search former Ukrainian Defense Minister Valery Geletey
$36 million UK mansion, told it gift from oligarchs.
this is crazy i tell you.
for the life of me already i do not understand way these chaps cannot have a chat with lord rothschild and sons.
he has a vast experience with cash money diamonds and gold and can loan ukrainia all the necessaries.
his family did a great job with the kaiser herr churchill and winston hitler.
nobody can do a better job than the israelite caanaanite royalty
satans go to men what what
keep the loans seperate we do not need corzine mingling mixing.
team usa already owe the family 78 trillion the city of london is best placed for the ukraine take down.
We guess that the R's are so imbred at this point that they are walking into walls. Just take a look at the youngest one, the one who got trumped out of Burma. As flamer as flamer comes. Not going to be any offspring off that sperm.
US Taxpayer On The Hook
Just throw it in there with that other 303 trillion.
http://www.zerohedge.com/news/2014-12-12/presenting-303-trillion-derivatives-us-taxpayers-are-now-hook
Take a check for that?
The world's GNP is estimated at $60 trillion. In New York City in 2008, as the looters on Wall Street were busy peddling bootleg derivatives worth near nothing, Bloomberg's police were busy chasing old Chinese ladies hawking bootleg DVDs for $5 each ($3 if you haggled). The NYPD cops thought it was a good deal, doing next to nothing but harass old ladies. As a bonus, sometimes representatives for the manufacturers of the copyrighted goods would buy them expensive catered meals sent to the station house. Free eats.
The American tax payer is very happy to pay it , if not moar.
They paid all their debts with gold already.
Day 2: All gold delivered to Tel Aviv.
Bibi and his dog.
http://incogman.net/2012/12/zionist-jews-really-do-control-obama/
Err stupid question... Why doesn't Greece do this as well?
Too lazy to think of something new, better give us moar debt
Answer: Bankers
they have nato covering their backside, ha.
American taxpayer isn't going to pay shit, the gov will just print more. There's no mathematical possibility the debt will be repaid with the current tax collection.
Yeah it always cracks me up when I see this "U.S taxpayer" bullshit. The U.S. taxpayer covers the military and social security, everything else is funded by the goons at the Federal Reserve. nothing to see here.
Why would that crack you up? Are you a tax collector?
or
Perhaps your mother had pre-arranged to file your very 1st tax return on your behalf on the day of your birth?
----
The tentacles of taxation make it so that everybody is a net tax payer. Economies are so inter-connected the distinction between tax-payer(tm) and a non-tax-payer is not righteous.
Except it ain't the gov't that prints, it's secretive Jews.
you can say that...
till debt is foreclosed
Obama and Kerry are sure generous with your money aren't they?
Yes they can, and did.
No comment needed.
http://www.theobamafile.com/_images/imgF13.jpg
Who cares?
Monkey hammer is finally found! It's hammer time!
It is also holding two Russian ex military who are apparently being brutally tortured.
It has reneged on Minsk 2.
It has resumed shelling on Denesk civilans killing anf injuring.
Where is the outrage in the Western media?
The west has now lost any moral authority it may ever have had.
Its a bully, a liar, murderous and thieving, pouring out propaganda and poison.
That we have sunk to that?
Most of the third world is better than this.
.
We'll have more flexibility after the 2016 elections.
Transmit that to Vlad.
Western zionist-owned media going to report on their own crimes? That's a good one.
Funny they did not mention quitting the Russian special forces when questioned and are being visited by the Red Cross...
http://www.latimes.com/world/europe/la-fg-ukraine-russia-soldiers-captur...
You know nothing about what happened in real.
La Times is waydown the hearsay order.....
Everything from Kiev is lie..
Russian special forces using a rifle? Sure.
Keynesian windfall is thrown to the wind ! Capitalism works because people spend their own earned money .... more intelligently !
That is, 'Neo Keynesian', as comtemporary, 'Keynesians' , have little in common with lord Keyne's original economic philosophy.
Oh, I didn't know they fixed socialism .... my bad ! WTF LOL
ZH is behind on this: the US has given up on their Ukranian military adventure.
http://rinf.com/alt-news/featured/obama-gave-up-on-ukraine-press-simply-...
That's couple of well invested billions.
You stupid Americans !
But wait until you see the EU bill.......then it's my turn.
So... they're not paying their debt. Seriously, have you ever heard of an honest fucking lender?
Thanks to "Fuck the EU" Nuland and Obama's neocon pals, in the Ukraine we have another Iraq and Libya on our hands! This time ISIS hasn't taken over but Banderist Nazi's. And this time we are openly committing US tax dollars to fund the evil fucking jerks.
On February 22nd, 2014, Euromaidan kicked out not only a democratically-elected president, but a democratically-elected government. It waited three months before holding elections for a new president and 8 months for parliamentary elections. By that time the extremist Dmitry Yarosh Nazi element had already taken a stake way beyond electoral control – neo-Nazi Svoboda Party, despite scoring less than 5% in the parliamentary elections sits in the Ukraine’s parliament and regularly sends fighters to the front. The leader of the neo-Nazi terrorist group Pravy Sektor Dmitry Yarosh who polled less than 1% in the presidential election and on Interpol’s wanted list is now an official aide to to the Ukrainian military.
The Ukraine is DEAD and there is absolutely nothing that the US Government can do to change this.
http://novorossia.today/10-reasons-ukraine-is-dead/
And, we are now doing a rerun of Ukraine's Maidan in Macedonia to stop Gazprom's Turkish Stream project! More US Tax dollars hard at work!!!
http://rt.com/op-edge/259541-macedonia-unrest-west-russia-pipeline/
Donetsk heroes victory parade with Motorola (1:20) and Givi (at 2:09). Zakarchenko was there as well.
https://www.youtube.com/watch?v=EwAhyBJiag8
Compare thesse heroes to NeoCons like McCain who with his dad killed more American sailors on the USS Forrestal and USS Liberty than the Russians ever did. The Russians were the first to arrive on scene to try to save dying sailors on the USS Liberty. McCain's old man and zip LBJ told F4 Phantoms to return to carriers and sailed SLOW to the aid of the USS Liberty hoping all survivors were dead.
My only complaint with Donetsk (DPR), LPR and Russia - get rid of that Stalin and communist imagery. Stalin was a mass murderer Georgian and stooge along with Lenin. They both worked for the Bolsheviks of the New York City, london and German bankster red sheild zios plus American elites who back ed the commies and nazis for $$$$$ and power.
Well reasoned Mike Masr, thank you.
Stop blaming Jews for everything .... 12 million Jewish National Socialist Hitlers run the world .... and everyone else is a socialist idiot .... well, that does sound plausible .... forget it ! LOL
Borislav Bereza, a leader of the Far right neo-nazi Pravi Sektor is Jewish and proud of it.
http://tabletmag.com/jewish-news-and-politics/187217/borislav-bereza
wait till Greece sees this!
When Obama said, "Yes we can" he proposed that as an answer to many questions...
Like "Can we end corporate welfare?", "Can we end foreign wars?", "Can we close Guantanamo and once again respect human rights?"
Not surprisingly they were all lies.
Of course, being politicians, there are always the unspoken, yet constant, eternal questions that apply:
"Can we extinguish your retirement on Hookers and Blow?"
Yes we can.
"Can we fool you stupid fuckers one more time with outrageous claims of Nirvana following our election?"
Yes we can.
"Can we buy ourselves international money, power, and influence with your children's milk money?"
Yes we can.
'unscrupulous lenders' looking to lend to a BUNCH OF NAZIS & GYPSIES . What a fucking JOKE of a STORY.
Buy our weapons and we'll allow you to shit on some creditors.
How much is 17 billion Hernias in real money?
Who's minding the GOLD?
At the official exchange rate, about USD800 million. In reality, much less.
What gold?
The Iron Banks aren't going to like this.
Why are US taxpayers financing the Neocon/Ziocon/ZWO Neo Nazi regime of Kiev?
Rhetorical question of course.
Because Russian taxpayers are financing the Russian's slow invasion of Ukraine...
http://www.latimes.com/world/europe/la-fg-ukraine-russia-soldiers-captur...
Russia's invasion of the Ukraine is laughable. What about the regime change orchestrated by Washington?
If I lived in Donetsk and spoke Russian why would I want to be controlled by the illegal, U.S.-funded junta in Kiev, instituted by political organizations given five billion dollars by Washington, as revealed by “fuck the EU” Victoria Nuland.
https://www.youtube.com/watch?v=CL_GShyGv3o
Ukraine was broke, and political parties and organizations were vastly financed by foreign nations, (US & EU) which then encouraged them to foment a coup.
https://www.youtube.com/watch?feature=player_embedded&x-yt-ts=1422503916...
The junta in Kiev then illegally deposed the democratic president, and then illegally deposed all of its governors.
Russia's slow invasion of Ukraine is a joke. It's Russian speaking Ukrainian people in Eastern Ukraine not wanting any part of the Junta in Kiev!
It's so laughable. The NPR slurping idiots always seem to forget that convenient fact when they sputter about the USSA being "obligated" by treaty to keep the Ukrainian "territorial integrity" intact.
Once you violently chase the democratically elected President from office and put on a show election with your puppets who glorify people like Bandera, threaten to nuke the Eastern Moscals and take out Russian as one of the main languages, all bets are off.
And if Russia REALLY invaded the Ukraine, we would all know about it without MSM gossipy bullshit:
Top Ten Telltale Signs Russia Has Invaded the Ukraine
http://cluborlov.blogspot.ru/2014/08/how-can-you-tell-whether-russia-has...
You seem to be very emotionally invested in something that you don't know.
The captured soldiers were from Donbass.
"In accordance to the principles of Doublethink, it does not matter that the war is not real."
Reasonable, considering what the US and her EU pups are doing on the other side. AmeriKan arms and trainers, foreign mercenaries filling out the ranks of Ukrainian army because everyone else is leaving the country to avoid conscription.
The Ukraine - overhyped and grabby fascist faggots with no economy. Meanwhile, the Ukrainian junta shells civilian areas and where is the LA Times then? One-sided lying MSM pukes. Drugs aplenty to make people think the Ukraine would be allowed to evict the Russian navy from Crimea, or join NATO and threaten Russia from the Black Sea. More Obama-inspired wishful thinking: We do not see things as they are, but how we wish them to be.
Enjoy your debt colony.
2 soldiers in a year? That is not slow. It is glacial.
If Russia really was to invade, the whole Ukraine military would cease to exist after two weeks tops.
Let us put this in perspective. 17,5 bilj us $ is just one week of QE. Not a lot of money to fund a war with Russia without participation of US troops.
I don't understand what all the hoopla is about either the US Fed or ECB should just print the money needed and give it to them via the IMF channel, problem solved. This has been going on everywhere else in the world for quite some time so what am I missing?
But they want the same amount as Greece - $300 billion, and quickly.
is there such a thing as an "honest lender"?
Does this mean Biden's son is out of a job?
We are generous Americans. Who-Rah!
Why the userper government in the Ukraine and not Greece? Oh, right the Ukie elitists contributed more than a million dollars to Hillary (and I wonder who else).
At least Valeriy Heletey, the Defence Minister sacked in October was able to pick up $39 million and buy an estate in Lincolnshire which should gratify people in Detroit and Camden and perhaps Baltimore and Ferguson
U.S. provides $1 billion in loan guarantees to Ukraine
18 May 2015, by Greg Robb - Washington (MarketWatch)
http://www.marketwatch.com/story/us-provides-1-billion-in-loan-guarantees-to-ukraine-2015-05-18
The United States on Monday gave the green light to a new $1 billion loan guarantee agreement for Ukraine.
In a statement, Treasury Secretary Jacob Lew said that Ukraine continues along the path of economic reform and that the loan deal is designed to support the war-torn country.
"Ukraine has taken critical reforms already, and its commitment to making a decisive break with the corruption and stagnation of the past is clear," Lew said.
MORE U.S. MONEY TO FLUSH DOWN THE TOILET
The Donetsk and Lugansk People’s Republics, are never returning. The ragtag Ukrainian forces using antiquated Soviet hardware haven’t taken back any territory since July of 2014, they’ve only lost a lot of personnel and territory. DPR and LPR forces have consolidated lines, and if there is movement, it will only be to take more of Donbass – currently they have around 1/3 of the region which once produced 80% of all Ukraine’s coal, but from which the DPR and LPR do not supply to Ukraine any more, while industrial production in the rest of the former industrial heartland of Donbass has mostly ground to a halt. Ukraine’s debt is over $80 billion – soon set to hit $100 billion, and with a sinking GDP. An agreed recent IMF bailout programme of $17.5 billion would only scratch the surface. By conservative estimates Ukraine’s economy shrunk by 7.5% in 2014. Estimates for this year range from 6% to over 20%. European governments pledge support, meanwhile European businesses withdraw en mass, hundreds have already left the Ukrainian market, most of the 600 German firms operating in Ukraine are conducting an audit to decide on withdrawing from the market. Russia's trade with the country which was Ukraine’s leading export and import parter is understandably decimated, Ukraine’s economy is stricken, and will only go down the toilet. 1 Billion in loan guarantees is too little and too late!
Normal life is almost impossible in Ukraine. Inflation in Ukraine is at a whopping 272%, the hryvnia’s value is now less than 40% of what it was. Inflation has skyrocketed, salaries have collapsed, businesses across Ukraine have closed. In short, people don’t have any money in Ukraine anymore – sales of new cars are down 67% on the year – production of cars down 96%, 46 banks declared insolvency in the last year.
As for the eternal thorn in Ukraine’s side, corruption, which apparently was so pressing an issue and one of the defining aims of Maidan – is even worse now than it was before.
Greg Robb - Washington (MarketWatch) story suggests that Jacob Lew must have drank too much of Obama's Kool Aid and released news written by Kiev's government propagandists!!!
I agree with you Mike but I do think, cynically, that Washington's policy worked out.
This whole thing started when the Ukraine rejected a free trade deal with the EU. Russia was their best choice for trade for mostly practical reasons as Russia is their biggest trading partner(don't forget the EU wanted the Ukraine to meet EU standards before exporting which meant costly re tooling which the Ukranians couldn't afford but the US and Germany could buy in at 5 cents on the dollar, I mean Hryzinia or whatever)when all hell broke loose.
Yes, the US putting in the Ukranian political roster and calling the plays from the sidelines where the Ukraine fought two offensivse and are now econmically, politically, morally and militarily defeated.
Then the US hangs them out to dry.
Why not?
The US and its allies demolished the Ukranian economy so that it hurt trade with Russia, got sanctions against Russia which further withered the trade with EU and the US grabbed 33 tons of Ukranian gold reserves that disappeared in the NY and reappeared in Belgium while US left a pile of dung on Putin's doorstep.
Shit happens.
Good thing all the Clinton donors traded their US Fiat loans for real stuff
just too funny.
the neo-cons have really gotten themselves some knuckle-dragging partners here.
and you all get a chance to pay for it
where is paul revere when you need him
tic toc
It's ok I hear joe Bidens coke head son running the Ike's oil industry is going to mdake up the short fall by selling some of his dope stash