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Ukraine Defaults On $3Bn Bond To Russia

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Ukraine has defaulted on a $3 billion bond payment to Russia in one of the biggest sovereign defaults in history, according to reports. Arseniy Yatsenyuk, prime miniter of Ukraine, said at a meeting in Kiev on Friday that there was a payment freeze on the bond, which was due on December 20, Bloomberg reported. Russia said last week that it would take Ukraine to court if the payment did not come through.

http://www.independent.co.uk/news/business/news/ukraine-defaults-on-3bn-bond-to-russia-a6778181.html

The domino start falling.

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And Ukraine is going to get it's gas from where?

Will Putin turn off the gas flow to Europe?

What court will Putin be taking them too? The IMF have already indicated only dollar debts to the US and it's allies will be enforced. I suppose Putin could up the ante and annex part of the Ukraine in payment.

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"I suppose Putin could up the ante and annex part of the Ukraine in payment."

Shhh.....don't put ideas into his head (in case he reads HPC!) :)

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Ukraine Has No Chance of Winning $3Bln Debt Case Against Russia

Russia will file a lawsuit against Ukraine for failing to pay back a $3 billion loan when 10 days have passed after the deadline, and Kiev has no chance of winning the case, Russian Deputy Finance Minister Sergei Storchak said Friday.

On Wednesday, the International Monetary Fund board recognized Kiev’s outstanding $3 billion debt to Moscow as sovereign.

http://sputniknews.com/europe/20151218/1031981692/ukraine-russia-trial.html

Edited by Errol

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Of course, there are bigger implications here:

By imposing new lending rules within the IMF, the US has declared financial war against countries that are not using American dollars in foreign trade and whose currencies are not based on the US dollar, Wall Street analyst Michael Hudson told RT.

So the IMF now says: “We are now only going to follow our rules and act on behalf of the dollar area. Countries that owe dollar debts to the US and its satellite currencies like the euro will have to pay. But if your owe debts to Russia, China, Iran, or any country not in the orbit, it is ok not to pay; we will lend you the money, the US will lend you the money, the IMF will lend you the money. You can now split the world into two currency groups: the dollar group and the BRICS group.” So this essentially is a declaration of financial war by the US against all countries that are not using the US dollar in foreign trade and are not basing their own domestic currency on the US dollar as the euro is doing. This is a radical change that is the most important change in half a century.

https://www.rt.com/op-edge/325227-ukraine-imf-loan-russia/

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Of course, there are bigger implications here:

By imposing new lending rules within the IMF, the US has declared financial war against countries that are not using American dollars in foreign trade and whose currencies are not based on the US dollar, Wall Street analyst Michael Hudson told RT.

So the IMF now says: “We are now only going to follow our rules and act on behalf of the dollar area. Countries that owe dollar debts to the US and its satellite currencies like the euro will have to pay. But if your owe debts to Russia, China, Iran, or any country not in the orbit, it is ok not to pay; we will lend you the money, the US will lend you the money, the IMF will lend you the money. You can now split the world into two currency groups: the dollar group and the BRICS group.” So this essentially is a declaration of financial war by the US against all countries that are not using the US dollar in foreign trade and are not basing their own domestic currency on the US dollar as the euro is doing. This is a radical change that is the most important change in half a century.

https://www.rt.com/op-edge/325227-ukraine-imf-loan-russia/

I seriously doubt that B_ICS are standing behind Putin the Fascist .... it is just his wet dream ... he is on his own ...

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