Financial crisis in Ukraine

[Coinchilli]

Ukraine has seen over 80 people killed and many hundreds injured in recent months, following the protests in the Capital square Maidan Nezalezhnosti. The protests began in November after President Viktor Yanukovych froze ties with the EU in exchange for a $15 billion bailout from Russia. Since November, Maidan has borne witness to numerous clashes between pro-government riot police and protesters. Improvised field surgeries treat the wounded, whilst food, blankets and clothing are distributed to the masses.

President Viktor Yanukovych has since been removed from office, and has fled to Russia, where he has released a statement, claiming that he is still the Ukrainian president.

“I officially declare my determination to fight until the end for the implementation of the important compromise agreements concerning the Ukrainian recovery from the profound political crisis”- Viktor Yanukovych

After the former government left the Ukraine with over $75billion worth of debt, and the value of the Hryvnia dropping by 20% in the last few days, the air of tension in Maidan is palpable. As investigative journalists sift through mountains of documents, found sunken in the river near Yanukovych’s residential compound outside Kiev, the extent of the corruption and financial mismanagement is becoming clearer.

Read more to find out about the role Cryptocurrencies have in the Ukrainian economic crisis: http://www.coinchilli.com/financial-crisis-in-ukraine/


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[roslinpl]

Yeah well...

What happens @ Ukraine is awful and it's hard to believe that we live in 21 century, but still people kill people for "idea".

Anyway.  

Ukraine must unite to win.

All of us should be united to win
http://www.youtube.com/watch?v=dSJXI-rmXOU

[giantdragon]

Ukraine consists of two completely different parts (pro-Russian east and pro-European west) and they are unlikely to be able to live peacefully in a single country. There are a lot of neo-nazis in western regions (Stepan Bandera's followers who supported Hitler during WWII) therefore Russians will never agree to allow them to rule in eastern regions.

The most preferably solution for the Ukraine now is a separation like Czechoslovakia did in the past IMHO.

[roslinpl]

(...) The most preferably solution for the Ukraine now is a separation like Czechoslovakia did in the past IMHO.

Perhaps this is a way to do it - but it's not so easy to do just like that. Perhaps future plans might see that option in the way.

[cyrpi4]

Yeah well...

What happens @ Ukraine is awful and it's hard to believe that we live in 21 century, but still people kill people for "idea".

Anyway.  

Ukraine must unite to win.

All of us should be united to win
http://www.youtube.com/watch?v=dSJXI-rmXOU

Totally agree with you. It's a time to unite to everybody. I think that Ukranien are doing everything right.

[CrashX]

You cant have a revolution with only 80 kills. Stand up and fight, right now I only see you guys throwning a single rock and running away. Stay Put, you might die, but a revolution has a price.

[mecoin]

(...) The most preferably solution for the Ukraine now is a separation like Czechoslovakia did in the past IMHO.

Perhaps this is a way to do it - but it's not so easy to do just like that. Perhaps future plans might see that option in the way.

I also think that they should separate the country, since both fractions seem to hate eachother....

[kellrobinson]

Coinchilli--
   Your website has a tab with social media buttons sitting on top of the text.  How am I supposed to read your article?

[sshapiroNJ]

Isn't U.S. going to support Ukraine by sending them money? I've heard that U.S. Government decided to lend about 1,000,000 dollars and Europe is also willing to help to Ukraine

[knightcoin]

interesting people still sticker in language as their "identity/nationality" ... 

"Languages evolve and diversify over time, and the history of their evolution can be reconstructed by comparing modern languages to determine which traits their ancestral languages must have had in order for the later developmental stages to occur. A group of languages that descend from a common ancestor is known as a language family. The languages that are most spoken in the world today belong to the Indo-European family, which include English, Spanish, Portuguese, Russian, and Hindi; the Sino-Tibetan family, which includes Mandarin Chinese, Cantonese, and many others; the Afro-Asiatic family, which includes Arabic, Amharic, Somali, and Hebrew; the Bantu languages, which include Swahili, Zulu, Shona, and hundreds of other languages spoken throughout Africa; and the Malayo-Polynesian languages, which include Indonesian, Malay, Tagalog, Malagasy, and hundreds of other languages spoken throughout the Pacific. Academic consensus holds that between 50% and 90% of languages spoken at the beginning of the twenty-first century will probably have become extinct by the year 2100.["

[miketonic]

It's going to take a lot from Ukraine's economy to recover from this..

[giantdragon]

If Ukraine will be split, Russia likely will help to eastern regions.

[miketonic]

If Ukraine will be split, Russia likely will help to eastern regions.

True, but I see that highly unlikely. However, this is very tense situation and we can only hope Russia makes no inconsiderate moves..

[Paya]

It's only up to whoever is in charge in Kiev now to fulfill the agreement signed on February the 21st instead of trashing it next day, to deal with extreme right-wing nationalists and armed criminal gangs rampaging throughout the country, and to guarantee the safety for Russian citizens in east Ukraine. Failing to do so, and Russian troops will cross the border. Although, seeing how Ukrainian army tends to break up along the ethnic lines (for example, their fleet's flagship refused to obey the orders from Kiev and raised Russian flag), direct Russian military involvement might proved to be unnecessary.

EU/USA pressure on Kiev is the key for peaceful way out of this mess. Problem is that no one there seems to have the authority to take control.

[BitOnyx]

Only problem , except Russian army on they ground, were eventual loans they an get. Same kind of loans most of other countries in the world are taking. Ukraine already get propositions to get such loans, so even though it wont stop panic, Ukraine as whole wont collapse because of it.

[LiteCoinGuy]

stop fucking russia. that should solve the problem.

[mecoin]

stop fucking russia. that should solve the problem.

I don't think that this will solve anything..
EVERYONE should stop fucking eachother

[Revolution]

To be honest I still can't believe whats going on...
waiting for WW3.

[CurbsideProphet]

To be honest I still can't believe whats going on...
waiting for WW3.

You can't believe Russia is trying to reclaim a small peninsula (not an entire country) that is predominantly Russian?  There's logistical problems (like the fact that Crimera gets all of its electricity/water/etc from Ukraine) but they want to be sovereign anyway.  We're nowhere near a WW3 scenario.

[glendall]

I'm still surprised Russia annexed it... I didn't think we'd see that sort of blatant annexation going on any more.  I thought they American style (topple legitimate government, seed dissent with covert agencies, install a puppet government to sell everything to IMF) was the new standard that everyone would use.

The civilized thing, IMHO, would have been just for Russia to offer to buy Crimea. Because everyone knows they sure as hell aren't just going to give up the region, it has way too much invested in it and it's a hugely strategic location.

[tinus42]

The civilized thing, IMHO, would have been just for Russia to offer to buy Crimea. Because everyone knows they sure as hell aren't just going to give up the region, it has way too much invested in it and it's a hugely strategic location.

The US wouldn't like that. They want Russia out of the Black Sea, which would also make it hard for Russia to operate in the Mediterranean and the Middle East (so they can't support Syria and Iran). Maybe even have a US Navy base in Sevastopol and nukes and anti-ballistic missile systems on the Ukrainian-Russian border. It's been the goal of the US to encircle Russia since the end of the Cold War.

[CurbsideProphet]

The civilized thing, IMHO, would have been just for Russia to offer to buy Crimea. Because everyone knows they sure as hell aren't just going to give up the region, it has way too much invested in it and it's a hugely strategic location.

The US wouldn't like that. They want Russia out of the Black Sea, which would also make it hard for Russia to operate in the Mediterranean and the Middle East (so they can't support Syria and Iran). Maybe even have a US Navy base in Sevastopol and nukes and anti-ballistic missile systems on the Ukrainian-Russian border. It's been the goal of the US to encircle Russia since the end of the Cold War.

I don't know that they would need a base that close, with ICBM's and stealth bombers there's really nowhere in the world that can't be reached by nukes.

[tinus42]

The civilized thing, IMHO, would have been just for Russia to offer to buy Crimea. Because everyone knows they sure as hell aren't just going to give up the region, it has way too much invested in it and it's a hugely strategic location.

The US wouldn't like that. They want Russia out of the Black Sea, which would also make it hard for Russia to operate in the Mediterranean and the Middle East (so they can't support Syria and Iran). Maybe even have a US Navy base in Sevastopol and nukes and anti-ballistic missile systems on the Ukrainian-Russian border. It's been the goal of the US to encircle Russia since the end of the Cold War.

I don't know that they would need a base that close, with ICBM's and stealth bombers there's really nowhere in the world that can't be reached by nukes.

If you have nukes on the border you could do a decapitation strike. Wipe out all command and control sites (ie: nuke Moscow) and fixed missile launch sites before the Russians have time to launch their missiles. The closer the nukes are to their target the quicker you can strike.

This is also why the US didn't like to have Russian missiles in Cuba, which resulted in the Cuban Missile Crisis in October 1962.

There are military hardliners in the Pentagon who believe in a winnable nuclear war. Of course then there are still mobile launch units (of which the Russians have a *LOT*) and ballistic missile subs which could launch missiles on their own in retaliation.