The Ukrainian Times
This year Ukraine must make payments in the amount of about $11 billion on foreign loans. Given its national debt that exceeded 60% of GDP last year, there is no guarantee that a neo-Nazi junta in Kiev will be able to service its foreign debt.
Getting foreign loans became an obsession with the puppet government of Ukraine in 2014. Over the course of 12 months alone Kiev has received the loans totaling nearly $9 billion.
It is a waste of time to try to analyze the financial policy of the so-called government of Ukraine. You are likely to find an ice cube in the Sahara as any trace of validity or sense in this policy. Many analysts think the IMF-shock therapy mafia is virtually destroying Ukraine.
Today Ukrainian taxpayers are stuck with massive foreign loans that will take generations to pay off. Robbing Peter to pay Paul is morally wrong. Especially when Peter is a hard-working taxpayer.
Overall, Western observers describe the foreign aid as “poor people in rich countries giving money to rich people in poor countries” (read: Ukrainian oligarchs Poroshenko, Kolomoiskiy, Taruta and Timoshenko). Cronies in the private sector make sure strings get attached to the aid package. Money to El Salvador, for example, was withheld until the country agreed to buy genetically-modified seeds from Monsanto.
