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The Forum > Article Comments > Ukraine's next crisis? Economic disaster > Comments

Ukraine's next crisis? Economic disaster : Comments

By Robert Bensh, published 22/8/2014

Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, further weakening the energy sector by crippling coal-based electricity production.

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Like Afghanistan Ukraine appears to be full of corruption and the very opposite of a sound investment for Western companies. Ukraine has recently been given a $multi-billion loan that the Western lenders know will never be paid back.

Its up to Ukraine to act like a responsible country rather than being an Afghanistan, always the victim.
Posted by plantagenet, Friday, 22 August 2014 1:46:22 PM
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Ukraine: another failed state created by the good ole USA. Its not just the energy sector that is affected, eastern Ukraine is also where the industrial base is and currently being flattened by government forces.

I can predict whats going to happen, after the junta has finished the ethnic cleansing in the east, the creditors (USA business interest) will come knocking. Since everything is rubble, the only thing they can sell to pay off debt is privatise energy assets.
Posted by nowhereman, Friday, 22 August 2014 5:06:37 PM
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How very Russian of you Robert!?
And if there is a financial crisis as described?
It will impact most heavily on the east, where most of the population, if push came to shove and Russia openly rather than covertly invaded, would fight the Russians!
It's not incorporation with Russia they want!
Just more autonomy!
And a smarter Ukraine, would be very wise to give it to them, if only to keep quite massive oil and gas reserves, out of Russian/Putin's (put in) hands.
If Russia just stops interfering in/annexing other sovereign nation's territory, and hands back that which she has taken; most of the crisis, as misrepresented by you Robert, can be put behind Ukraine!
Corruption, well that's patently true, and nowhere better demonstrated, than in the previous President, who squirreled billions of Ukraine's wealth away, in personal foreign accounts.
He and his equally corrupt sons should be handed over, so the legitimate Authorities, can do what is needed, by any and all means, to recover this money!
Clemency, should be available, if he and his sons completely cooperates with the recovery of this Ukrainian money!
And were that to occur, they should then be allowed to seek Russian citizenship, where they would be in good company!
This Ukrainian money; if recovered, should be used to develop Ukraine's own huge wealth of natural resources; and even now could, if Russia just stopped interfering!
That's arguably the only real problem, and the only one capable of hurting Ukraine's traditionally poor economy!
Rhrosty.
Posted by Rhrosty, Friday, 22 August 2014 5:12:24 PM
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@Rhrosty:

The only thing I agree with your post is that eastern Ukraine wants autonomy and not rejoin Russia.

Russia should stop interfering in Ukraine? Are you serious? If a foreign power help overthrow the government of Indonesia and the new government is hostile to us, I doubt Canberra would sit on its arse and do nothing. Am also sure Canberra won't fund opposition groups that are friendly to Australia's interest.
Posted by nowhereman, Saturday, 23 August 2014 12:02:26 AM
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The USA financed Nazis forces in the Ukraine to illegally over throw their Govt. The USA wants to put their missile shields in the Ukraine just like they tried in Georgia. Russia will not stand for this anymore than the USA accepting Cruise missiles in Cuba again.

This is all about over throwing Russia and China because they have initiated the BRICS nations that want their own banks and be free of our Western parasites who are destroying our economies with money printing via debt and toxic derivatives.
Posted by Arjay, Saturday, 23 August 2014 1:36:07 PM
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Arjay: From time to time you make some sense, just not this time!
Suggest you try talking from a little higher up in future, if only to avoid the foul smell!

Nowhereman: It's not American troops/boots on the ground, American weapons and inventory causing all the problems in Eastern Ukraine, as you very disingenuously claim!
But plenty of Russian ones!
Nor have the US or any other western nation annexed any other sovereign nation's territory! Or indeed, purloined their potential wealth as Russia seems to have!?!
One notes, that the Crimea, has sizable reserves of oil and gas! Enough if developed, to have allowed the impoverished Ukraine to get out from under, Russia's/Putin's economic domination!
If It were entirely up to me, and I were the Ukrainian Government, I would abandon East Ukraine, and say to Russia, you wanted it? You can have it!
There's nothing here worth fighting or dying for, or expending as much as a single life for!
And then see how Russia fares, if she and she alone, has to provide all the economic support and welfare!
Feed and support many millions more hungry mouths!
And then see how long anyone there wants to remain any part of Russia?
And Russia is anything but united, but racked with internal dissent and poverty! And just doesn't need to amplify, any of that!
And that means none of the sanctions on Russia should be lifted, just deepened, until they are forced by their own economic circumstances, and internal poverty, to recant and withdraw!
And those American/western firms that have thrown their lot in with Russia, can just stay there!
The US and or the west, should extend the commercial boycott to them and all their other businesses as well.
Preferably, without so much as a single sacrificed life!
Albeit, that would be entirely down to the Russian Dictator!
Rhrosty.
Posted by Rhrosty, Saturday, 23 August 2014 5:12:49 PM
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