In These New Times

A new paradigm for a post-imperial world

Russia tightens Ukraine bonds

Posted by seumasach on May 8, 2012

Not so long ago Ukraine was one of the main focuses of US foreign policy. But the empire is ebbing away and overstretch leads them to neglect crucial frontier outposts.

Taras Kuzio

Asia Times

9th May, 2012

The Ukrainian government is negotiating the issue of rouble-denominated government bonds, making the country no longer reliant on International Monetary Fund assistance. Ukraine’s 2010 IMF assistance package of US$15.6 billion was suspended in March 2011 because of the country’s refusal to continue with IMF reforms, in particular raising household utility prices to reduce subsidies to the state gas company Naftohaz Ukrainy. This confirms what the Nikolai Azarov government has been discussing since summer 2011.

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