Friday, January 23, 2015

China Wants Its Money Back From Ukraine Thereby Risking Default

Ukraine's president, Viktor Yanukovich, and China's president, Xi Jinping, at the Great Hall of the People in Beijing, Dec. 5, 2013 (Photo/CNS)

Global Research: Kiev Regime Debt: Ukraine Stiffs China for Billions It Owes

WNU Editor: A poorly written article .... but the message is clear .... China lent Ukraine billions and it wants a return on its investment/loan. Ukraine responds that they cannot pay them now. China is not happy .... and is now in a position to call in its loan(s) .... thereby putting the Ukraine government into default. You cannot help but feel that the house of cards that Ukraine has built over the years is now on the verge of collapsing.

2 comments:

James said...

Sounds like this is what Poroshenko is singing to the Chinese:
https://www.youtube.com/watch?v=8hEYwk0bypY

ghsdthjrsn said...

The best part of the article IMHO is this:

"The RIAN report goes on to quote Alex Luponosov, a Ukrainian authority on Ukraine’s banking system, who says, “Ukraine won’t be able to supply the grain to China, because we don’t have it.” The reason he gives is that “there is a big shortage of technicians: combiners, adjusters, mechanics, farm-machinery operators — all of them were taken by the army.” Those men are being required to fight in Ukraine’s ‘ATO’ or ‘Anti Terrorist Operation,’ that’s occurring in Ukraine’s former Donbass region (the far-eastern tip of Ukraine), the place where the residents don’t accept the new Ukrainian Government’s legitimacy, and they are therefore being called ‘Terrorists’ by this new Government, which is thus bombing them, supposedly in order to convince them that this new Government’s authority over them is legitimate..."
How sad for the Ukrainian people!