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Ukraine Wants $35 Billion Bailout From Eu/us

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Ukraine's Finance Ministry and National Bank, along with parliamentary speaker Aleksandr Turchinov, have suggested to the country's international partners - particularly Poland and the United States - that a financial assistance credit of around $35 billion be extended in the next week or two.

"During the last two days we have had consultations and meetings with ambassadors from the EU, USA, other countries, and financial organization over Ukraine getting urgent macro-financial aid," acting Finance Minister Yuriy Kolobov said in a statement issued on Monday.

Kiev is also proposing that there be a large international donors conference involving the European Union, the United States, Poland, the IMF, other countries, and international financial organizations on the extension of aid for modernization and reforms in Ukraine, as well as achieving an association agreement between the country and EU.

Ukraine goes bankrupt, its treasury is empty, head of Batkivshchina (Fatherland) faction Arseny Yatsenyuk told a meeting of parliamentary factions' leaders on Monday.

"Ukraine has never faced such a financial catastrophe for all years of its independence," he said, adding that Ukraine should immediately apply to the International Monetary Fund for financial assistance.

http://voiceofrussia.com/news/2014_02_24/Ukraine-is-bankrupt-hopes-for-35-bln-financial-aaid-from-EU-US-minister-8306/

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$35bn? That's only about half of a typical month's money print for the Fed...

... For funding a 'revolution' right on Russia's doorstep? Bargain!

But the EU and US didn't want to help previously, even before Yanukovic took over in 2010.

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But the EU and US didn't want to help previously, even before Yanukovic took over in 2010.

Not true! they offered $500mil. How were they to know Putin was to offer $17bn?! :lol:

The EU are loving this. Wait till it really falls apart and then pick at the bones.

Edited by Executive Sadman

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Kiev is also proposing that there be a large international donors conference....

They're going to invite all us tax donors to a conference. Way hey - free food and other jollies all round.

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Ukraine seems to have similar (immediate) problems to Greece.

They aren't that far apart geographically. It's a shame that it seems that they can't get together to help to solve their similar problems.

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Ukraine seems to have similar (immediate) problems to Greece.

They aren't that far apart geographically. It's a shame that it seems that they can't get together to help to solve their similar problems.

EU membership is working out really well for Greece! I'm sure that the people of Western Ukraine will do just as well.

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All Russia cares about is the Crimea, as long as it's access to the navel ports isn't compromised they don't care.

They also care about their oil pipeline that runs through western Ukraine into Europe. If an independent, anti-Russian western Ukraine either shut the pipeline down or charged Putin up the wazoo to transport his oil to his major customer base, the impact on the Russian economy would be significant.

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They also care about their oil pipeline that runs through western Ukraine into Europe. If an independent, anti-Russian western Ukraine either shut the pipeline down or charged Putin up the wazoo to transport his oil to his major customer base, the impact on the Russian economy would be significant.

But Ukraine is also dependent on Russian oil & gas.

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EU membership is working out really well for Greece! I'm sure that the people of Western Ukraine will do just as well.

Has very little to do with EU membership. Turkey's every bit as f***ed without it.

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Has very little to do with EU membership. Turkey's every bit as f***ed without it.

yeah,but the greeks and the turks can't stand each other.

russia will side with the greeks......funnily enough, all this blather about turkey joining EU is primarily through germany(they have a very strong connection to turkey)

US/UK position is basically eastern cyprus should be handed back to the greeks

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Seems a pretty cheap way to buy a coup. You can hardly afford to drive one tank across the border for $35 billion these days.

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Has very little to do with EU membership. Turkey's every bit as f***ed without it.

But at least with EU membership insolvent countries get a last hurrah credit binge at the expense of the rest of the EU.

Ukraine is a total basket case - its essentially russia but without the mineral and energy exports. It has no actual worthwhile industry outside bride scamming. It has (in common with all ex-USSR countires) none of the venture/entrepreneur culture necessary to compete in the modern world. Salaries are pitiful with 90% of the population destitute and living hand to mouth and even that is only sustained by the government subsidising energy costs by 75%.

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Has very little to do with EU membership. Turkey's every bit as f***ed without it.

My point is that for weak economies, EU membership is no longer a guarantee of a golden future packed with EU grants and subsidies.

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But at least with EU membership insolvent countries get a last hurrah credit binge at the expense of the rest of the EU.

Ukraine is a total basket case - its essentially russia but without the mineral and energy exports. It has no actual worthwhile industry outside bride scamming. It has (in common with all ex-USSR countires) none of the venture/entrepreneur culture necessary to compete in the modern world. Salaries are pitiful with 90% of the population destitute and living hand to mouth and even that is only sustained by the government subsidising energy costs by 75%.

ukraine is the eastern bloc equivalent of england/scotland really.

eastern part of ukraine is orthodox, western part is roman catholic.

.....so they get their own version of belfast/bloody sunday/kneecappings and all that shenanigins.

unfortunately for the romans they are in the wrong, they have been on the warpath of late trying to either convert the heretics or destroy them( thanks to ratzingers theology..basically trying to taake the church back to it's position of dominance in the dark ages)....which francis is going to pay a very heavy price for....bearing in mind the muslims are also going through their version of the dark ages/reformation right now......it doesn't take a genius to figure out that the two bunches of hardliners are going to clash.

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Anybody know if they owe Russia much money for oil and gas?

Yes. They owe them a lot. Massive back-payments owed and various cities in Ukraine also have large gas-related debts.

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Yes. They owe them a lot. Massive back-payments owed and various cities in Ukraine also have large gas-related debts.

Selective default on the cards? That might be interesting.

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