Sunday, January 26, 2020

The Plundering of Ukraine

From The Unz Review:
Indeed, John Kerry, the Secretary of State in Obama’s administration, was his partner-in-crime. But Joe Biden was number one. During the Obama presidency, Biden was the US proconsul for Ukraine, and he was involved in many corruption schemes. He authorised transfer of three billion dollars of the US taxpayers’ money to the post-coup government of the Ukraine; the money was stolen, and Biden took a big share of the spoils.

It is a story of ripping the US taxpayer and the Ukrainian customer off for the benefit of a few corruptioners, American and Ukrainian. And it is a story of Kiev regime and its dependence on the US and IMF. The Ukraine has a few midsize deposits of natural gas, sufficient for domestic household consumption. The cost of its production was quite low; and the Ukrainians got used to pay pennies for their gas. Actually, it was so cheap to produce that the Ukraine could provide all its households with free gas for heating and cooking, just like Libya did. Despite low consumer price, the gas companies (like Burisma) had very high profits and very little expenditure.

After the 2014 coup, IMF demanded to raise the price of gas for the domestic consumer to European levels, and the new president Petro Poroshenko obliged them. The prices went sky-high. The Ukrainians were forced to pay many times more for their cooking and heating; and huge profits went to coffers of the gas companies. Instead of raising taxes or lowering prices, President Poroshenko demanded the gas companies to pay him or subsidise his projects. He said that he arranged the price hike; it means he should be considered a partner.

Burisma Gas company had to pay extortion money to the president Poroshenko. Eventually its founder and owner Mr Nicolai Zlochevsky decided to invite some important Westerners into the company’s board of directors hoping it would moderate Poroshenko’s appetites. He had brought in Biden’s son Hunter, John Kerry, Polish ex-President Kwasniewski; but it didn’t help him. (Read more.)
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1 comment:

julygirl said...

One would think that when the Democrat majority in the House of Reps. wanted an event to use to Impeach President Trump they would be smart enough to not use one that negatively implicated leading Democrats. I wonder how dragging our Country through a knothole backward with this Impeachment debacle has benefited them. So far I view it as detrimental to them.