Did IMF Just Win The War Of Ukraine Debt Annexation?
The Russians had dangled their multi-billion euro carrot - then swiftly removed it pending further details of who is really running the show (demanding a crackdown on the extremists who are trying to establish power).
The Europeans have promised an even bigger carrot - predicated on, we presume, total abdication of sovereignty.
But now the Americans are jumping in - Treasury Secretary Jack Lew "urged" Ukraine's interim leader Yatsenyuk to start talks with the IMF as he and Lagarde agreed the fund would be the best foundation for advice and financing (if sought by a fully established Ukrainian government).
The Russians have made it clear they are not amused... (via Interfax)
Moscow on Monday urged the Ukrainians to bring back the situation in their country into "the legal framework" and "crack down on the extremists who are trying to get established in power.""We earnestly call upon all those who are involved in the crisis in Ukraine to show the maximum sense of responsibility, to take action to prevent the further degradation of the situation, to bring it back into the legal framework, and to crack down on the extremists who are trying to get established in power," Russia's Foreign Ministry said in a statement posted on its website, www.mid.ru.The ministry expressed "extreme anxiety" over current developments in Ukraine."In the last few days, the capital and some other cities in the country have been sites of armed clashes between young rioters and militants from ultra-right nationalist organizations and law enforcement units that were defending the security of civilians and national interests," it said."The militants have not been disarmed, refuse to leave the streets of the cities that they de facto control and to vacate administrative buildings, and continue acts of violence," the ministry said."The agreement of February 21 on the settlement of the crisis in Ukraine is not being complied with, though its signature was authenticated by the ministers of foreign affairs of Germany, Poland and France whereas the United States and the European Union, and other international structures have welcomed this document," the statement said.
The Europeans, we presume, are hiding behind the IMF/US
Treasury Secretary Jacob J. Lew told Ukrainian leader Arseniy Yatsenyuk that Ukraine has support for an international aid package centered on the International Monetary Fund and urged him to seek assistance, a Treasury official said.Lew and IMF Managing Director Christine Lagarde agreed that the fund would be the best foundation for advice and financing if sought by a fully established Ukrainian government, the official said in an e-mailed statement.Lew and Lagarde spoke on the way back to Washington from a meeeting of the Group of 20 nations in Sydney.
and to apply a little more pressure:
- *S&P DOWNGRADES THREE UKRAINIAN BANKS TO 'CCC'; OUTLOOKS NEG
But it seems we have an answer... (from the newly-installed Ukraine central bank chief)
- *UKRAINE'S KUBIV PLANS TO INVITE IMF MISSION, UNIAN SAYS
Which means only one thing: Russia's locked out and gas prices are about to skyrocket...
Keine Kommentare:
Kommentar veröffentlichen