On Thursday, Ukraine struck a restructuring agreement on some $18 billion in Eurobonds with a group of creditors headed by Franklin Templeton. The deal calls for a 20% writedown and a reprofiling that includes a maturity extension of four years and an across-the-board 7.75% coupon. All told, Kiev should save around, let’s just call it $4 billion once everything is said and done (there are some miscellaneous loans and bonds that still have to be worked out).
That’s the good news.
The bad news is that Ukraine also owes $3 billion to Vladimir Putin.
Now obviously, owing Vladimir Putin $3 billion is not a situation one ever wants to find themselves in, but this particular case is exacerbated by the fact that Putin did not loan the money to Ukraine as we know it now, he loaned the money to a Ukraine that was governed by Russian-backed Viktor Yanukovych. Of course Yanukovych was run out of the country last year following a wave of John McCain-attended protests. Continue reading »
War-torn Ukraine has reportedly reached a restructuring deal with a group of creditors headed by Franklin Templeton, according to the country’s finance minister Natalie Jaresko. The terms of the agreement call for a 20% writedown and a reprofiling that includes a maturity extension of four years and an across-the-board 7.75% coupon. Vladimir Putin isn’t interested. …
Following the 2014 Crimean referendum which saw the Black Sea peninsula join Russia shortly after the Ukraine presidential coup and ensuing territorial conflict between pro-Kiev and pro-Moscow regions, many speculated it is only a matter of time before the Donetsk region, subsequently elevated into People’s Republic status, which has been engaged in constant warfare with the Kiev army (which is in such bad shape it recently drafted a disabled man without arms) would follow suit.
We now have the answer.
Having waited for over a year for the Ukraine civil war/conflict to be relegated to back page status, if that, Putin has finally given the green light, and as Xinhua reports, leaders of the self-proclaimed “Donetsk People’s Republic” are planning to hold a referendum on seceding from Ukraine and joining Russia, the Donetsk-based Ostrov news agency reported Wednesday.Continue reading »
The Dutch government’s refusal to unseal information regarding the actions of the Cabinet in the aftermath of the MH17 flight crash indicates Western countries’ involvement, Christopher Black, a prominent Canadian international criminal lawyer, told Sputnik on Friday.
MOSCOW (Sputnik) — Earlier, Dutch television news service RTL Nieuws made a request under the Freedom of Information Act for details about the actions of Dutch authorities in the wake of the Malaysia Airlines crash in southeastern Ukraine, which was refused by the Ministry of Security and Justice.
“The fact that they refuse to release the report indicates that the report would point to the West being involved, or the Ukrainians at least, in the shoot-down of that plane,” Black said.
The lawyer added that the Dutch government would have released that report weeks ago if they had proof that Russia or Donbass militias were involved in the MH17 crash. Continue reading »
The Russian Investigative Committee has obtained evidence proving that the Ukrainian armed forces have used modern analogues of phosphorous bombs against civilians in southeastern Ukraine, Investigative Committee spokesman Vladimir Markin said in Moscow on Friday.
“We have received irrefutable evidence of the use by the Kiev forces of weaponry similar to phosphorus bombs,” Markin said, based on the conclusion of a forensic chemical analysis from soil samples provided by witnesses in the targeted areas. Continue reading »
And now for another edition of “America in decline…”
The Intercept comes through with another great piece. The facts on this one are simply surreal. A former national security advisory to Bush II, a super hawk who pushed for the Iraq war and more recently bombing Syria, he is the chairman of the Orwellian “Institute of Peace”. Well, read it yourself, it is just too bizarre to summarize adequately…
We wonder if Hadley is pinochle partners with retired US major general Robert Scales, who made a similar call to widescale global ridicule, as we reported in March of this year.
The United States Institute of Peace is a publicly funded national institution chartered by the U.S. government to promote international peace through nonviolent conflict resolution.
But its chairman, Stephen Hadley, is a relentless hawk whose advocacy for greater military intervention often dovetails closely with the interests of Raytheon, a major defense contractor that pays him handsomely as a member of its board of directors. Continue reading »
That rather ominous assessment of the political situation in Ukraine comes courtesy of a Right Sector fighter who spoke to FT last week.
Like Saint Mary (the militia which recently pledged to create a “Christian Taliban” and insists that “Moscow must burn”), The Right Sector is one of the many volunteer battalions fighting to rout the Russian-backed separatists operating in eastern Ukraine. Continue reading »
We’re in the summer doldrums of the news cycle, a perfect time for our government and the media – or do I repeat myself? – to drop certain inconvenient stories down the Memory Hole. My job, of course, is to retrieve them….
Remember Ukraine? I seem to recall blaring headlines about a supposedly “imminent” and “massive” Russian invasion of that country: the Anglo-Saxon media was ablaze with a veritable countdown to D-Day and we were treated to ominous sightings of Russian troops and tanks gathering at the border, allegedly just awaiting the order from Putin to take Kiev. And it turns out there has been an invasion, of sorts – although it isn’t a Russian one. It’s the Kiev regime’s own foot-soldiers returning from the front and turning on their masters.
Nine American marines have been arrested in Vienna’s airport for carrying assault rifles and handguns on board a commercial airliner without proper clearance. They were on their way to Ukraine to take part in Exercise Saber Guardian that began July 20.
The incident took place on July 19, but was only reported to the media a fortnight later.
The servicemen, traveling from Alaska, reportedly had problems with a connecting flight at Vienna’s Schwechat Airport and had to leave the transit area to rebook, Austrian Defense Ministry spokesman Colonel Michael Bauer said. They were traveling on commercial flights.
While they were having their luggage scanned, airport security spotted M16 assault rifles and pistols in their travel bags. The servicemen had no permits allowing them to carry arms.Continue reading »
Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.
The available evidence convinces me that the Malaysian airliner shot down over Ukraine was a plot hatched in Washington in order to blame Russia, blame which helps Washington’s pressure on Europe for sanctions against Russia. An alternative explanation is that Washington’s stooge government in Kiev in an assassination attempt against Vladimir Putin mistook the Malaysian airliner for Putin’s airplane.
The circumstantial evidence in favor of the former explanation is that the Western media was primed and ready to go with stories blaming Russia the minute the news broke that the airliner had been downed. No evidence was available, but the Western media was uniform in accusations against Russia and “Russian-supported separatists.”
In making up your own mind, consider these two reports:
As I recall, speculation about the real identity of.MH17 was muddied deliberately after the Australian Navy failed to locate MH370 , the first EVER record of a flight recorder not being discovered. Then a rogue ‘anorak’ plane spotter located a CIA purchased”spare” Boeing 777 in Malaysian colours sticking out of a hangar at the secret israeli Mossad run airfield. Then the U.S., Dutch, Ukrainian & Australian Governments teamed up to declare all details about MH17 were “classified”….DOH! So now another unofficial report by independent engineers with superior knowledge of air to air weapons points a finger at an israeli “Python” which they claim had relatively recently been fitted to Ukrainian SU-25 Frogfoot Ground Attack fighters. Why fit air to air missiles to ground attack fighters in the first place? Is it possible the Israelis fitted a homing device to the plane whilst it was being secretly set up for destruction? This seems to be a classic israeli co-ordinated false flag event which went bad and it is now up to the Dutch to provide a cover up, just as they did with Pan-Am flight 103 which blew up too early over Locherbie killing the Beirouti US Embassy staff en route to whistleblow to Bush Snr about the Iran-Afghan-contras- heroin link which was another CIA black op . Or am I being too presumptive?
A report on Malaysian Airlines MH17 air disaster in Ukraine last year by a group of old-hand aviation security experts maintains that the Boeing might have been downed by an Israeli Python air-to-air missile.
Demonstrators have gathered in front of the US embassy in Kiev to protest against what they call US meddling in Ukraine’s internal affairs, including the military conflict in eastern Ukraine.
Several hundred protesters held a rally in front of the US embassy in Kiev on Wednesday, Ruptly reports. The demonstrators held placards with signs: “Shame on the US” and “Yankees go away from Ukraine.”
Some carried photos depicting the destruction and casualties in the country’s restive east, while others held signs reading “The blood of Donbass kids is on Obama’s hands.”
In order to understand what is really going on around the globe in terms of the collapsing economy, we must set aside false mainstream versions of reality. When it comes to the EU and its current fiscal turmoil, it is very important to, in some respects, ignore Greece entirely. That’s right; forget about all the supposed drama surrounding Greek debt obligations. Will they find a way to pay creditors? Will they default? Will they make a deal with Russia and the BRICS? Will there be last-minute concessions to save the system? It doesn’t matter. It’s all a soap opera, an elaborate Kabuki theater run by international financiers and globalists.
It is most important to remember the fundamentals. Greece will default on its debts. Period. There is no way around it. Maybe Greece makes a deal today, maybe it makes a deal tomorrow; but eventually, the country’s ability to stretch out its resources in order to meet its exponential liabilities will end. It is inevitable, and no last-minute “deal” is going to change the math at the core of it all. Continue reading »
The Ukrainian president has sealed amendments to the law that allow foreign troops to be present in Ukraine as part of an international peacekeeping force. The legislation also potentially allows the presence of weapons of mass destruction in the country.
Adopted by the Ukrainian Parliament (the Rada) earlier this month and signed by President Petro Poroshenko on Thursday, the amendments establish the necessary legal background and conditions for stationing foreign troops in the country. Kiev hopes that this will help to stabilize the situation in the war-torn eastern regions of Ukraine. Continue reading »
Left-wing German politician and former finance minister Oskar Lafontaine has some harsh language message for US on its politics concerning Russia and Ukraine. He has also called on the EU to oppose Washington.
In a Facebook post which cannot be quoted fully quote due to strong language, Lafontaine, whose latest political post was co-chairman of the democratic socialist party The Left, called US Defense Secretary Ashton Carter the “Secretary of War”, and Washington’s policies “imperialism.”
“The US Secretary of War calls on Europeans to confront the Russian ‘aggression’,” Lafontaine writes after a strongly-worded introduction. “The Europeans have every reason to oppose the US aggression.”Ashton Carter has paid a visit to Tallinn, where he pledged a new batch of 250 tanks and armored vehicles to European nations near the Russian border. His counterparts from Estonia, Latvia and Lithuania were eager to accept the deployment, indicating they see it as a message to Russia over what they call its “aggression.” Continue reading »
Washington plans to station hardware, including tanks and armored vehicles, in a number of European countries, Defense Secretary Ash Carter announced on Tuesday. Nukes withdrawn in the 1980s will not return to Europe.
Bulgaria, Estonia, Latvia, Lithuania, Poland, and Romania will be hosting the new hardware, and it will be possible to move it around for exercises, Carter said as he stood with his Estonian, Latvian and Lithuanian counterparts on a visit to Tallinn. Continue reading »
The US will be able to supply natural gas to Ukraine and Europe within two years, Senator John McCain pledged in Kiev. The American politician believes that only gas reliance prevents European countries from hardening sanctions against Russia.
“The United States will supply natural gas to Ukraine and other parts of Europe in two years,” McCain said on Saturday, RIA Novosti reported. Continue reading »