In These New Times

A new paradigm for a post-imperial world

Ukraine desperately seeks foreign aid

Posted by seumasach on February 24, 2014

The Maidan gunmen will be watering at the mouth at the prospect of $35 billion dollars but of course nothing will be forthcoming. For once the ratings agencies have got it right:

On Friday, ratings agency Standard & Poor downgraded Ukraine’s credit status to two levels above default. “We now believe it is likely Ukraine will default in the absence of significantly favorable changes in circumstances, which we do not anticipate,” said the agency.

 

TIME

24th February, 2014

Ukraine made an urgent call on Monday for $35 billion in foreign assistance over the next two years, following the overthrow of President Viktor Yanukovych on Saturday.

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