Monday, December 15, 2014

Russian Prime Minister: Moscow 'Will No Longer Support The Ukraine Economy'

Russian Prime Minister Dmitry Medvedev speaks during a televised interview with Russian media in Moscow, December 10, 2014. Credit: Reuters/Dmitry Astakhov/RIA Novosti/Pool

Moscow Shifts to Tougher Economic Relationship With Ukraine: PM -- Reuters

(Reuters) - Moving closer to the European Union offers no panacea for Ukraine's financial problems and will mean big losses in economic ties with Moscow, Russian Prime Minister Dmitry Medvedev said in an article published on Monday.

He said Moscow had for many years provided generous terms in deals with Kiev which had helped build up Ukraine's economy but the relationship would from now on be based on purely "rational and pragmatic" terms that put Russian interests first.

"We will no longer support the Ukrainian economy. It is a burden for us and to be honest, we are tired of it," he wrote in Nezavisimaya Gazeta, a privately owned daily newspaper.

Read more .....

More News On Russian Warnings To Ukraine On The Economy

As Ukraine truce holds, Russia vows economic pain -- AP
Medvedev: Ukraine Could Face Social, Economic Collapse -- Sputnik
Medvedev: EU, US Reluctant to Give Ukraine Money, Even for Immediate Needs -- Sputnik
‘Dating that will never end in marriage’ – Medvedev describes Ukraine’s chances in EU -- RT
Medvedev: Kiev's Blockade of East Ukraine Shows Lack of Responsibility -- Sputnik
Kerry, Lavrov meet as tensions soar over Ukraine -- AFP
Kerry, Lavrov Meet Again on Ukraine Conflict -- VOA
Ukraine Seeking $10 Billion in Aid Amid Talks With U.S., EU -- Bloomberg Businessweek
Russia says it wants east Ukraine to stay with Kiev under reformed constitution -- Reuters
Russia wants Donbass to remain part of Ukraine - Lavrov -- RBTH

My Comment: Russia is now revealing to Ukraine it's economic options .... and the international bond markets are listening .... Ukrainian Bonds Tumble Amid Talks on Aid to Avert Default (Bloomberg).

No comments: