Saturday, September 06, 2014

Some relief in Ukraine

(Links via Naked Capitalism) From Forbes "...[Putin]  he will keep Crimea and will considerably enhance the ability of Russian-speaking minorities in Ukraine’s eastern provinces to stand up to Kiev. (Even the  Economist magazine, one of Putin’s fiercest critics, concedes as much. Click here for a commentary just posted at the Economist’s site.)"
It is not clear what is happening with IMF loans: Michael Hudson on the conditions for the loans and this report on the lack of transparency about how the money is spent, some of it for war effort and some disappeared off shore.
There were doubts whether US would go along with the Putin initiated peace plans but they have with some sabre rattling about rapid deployment NATO forces.

. an treasury by the IMF at the start of May, $3.1 billion had disappeared offshore by the middle of August.n "
short, of the $3.2 billion disbursed to the Ukrainian trasury by the IMF at the start of May, $3.1 billion had disappeared offshore by the middle of August."

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