The exchange of financial blows is far from finished though. The Russians know how to hit the EU and US where it hurts - Ukraine. Instead of making life difficult for his enemies, Putin is going to use the oldest trick in the book. Hell make life difficult for his enemies friend. --Apparently, the Ukrainians owe the Russians $3 billion in bonds. Part of the so called Ts and Cs is a clause that dictates the $3 billion becomes callable if Ukraines debt to GDP ratio exceeds 60%. That means Russia can demand payment at short notice. --In a beautiful twist of irony, the aid package coming from the IMF will raise the Ukraines debt to GDP above the crucial 60% mark. The US funds much of the IMFs budget, so money will flow from US coffers to IMF coffers to Ukrainian coffers to Russian coffers. The Americans are paying the Russians for Ukraine! Read up on The. Daily Reckoning
Posted on: Tue, 18 Mar 2014 08:18:28 +0000
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