Friday, March 14, 2014

$3 Billion for Ukraine to Go Straight to Russia

http://www.theblaze.com/stories/2014/03/13/3-billion-for-ukraine-to-go-strai
ght-to-russia/


"As Western leaders prepare a bailout package for embattled Ukraine, they
face a startling irony: Thanks to the almost bizarre structure of a bond
deal between Ukraine and Russia, billions of those dollars are almost
certain to go directly into the coffers of the Putin government."

"As CNBC has reported, some aid money is bound to go into Russia as a result
of energy trade and other economic factors. But the situation is actually
much more acute than just that: An existing agreement between the two
countries makes an immediate, direct transfer from Ukraine to Russia legally
enforceable."

"In December, Russian President Vladimir Putin agreed to lend Ukraine $15
billion. Few details were released at the time, except that Ukraine would
issue bonds and Russia would buy them in installments through 2014."

Doah!

By Epictetus

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