Ukraine rejects Russia Gazprom gas price hike

[Nemo1024]

Miller: Russia withdraws discounted gas price for Ukraine from the 1st of April:
http://ria.ru/economy/20150120/1043409172.html
And Ukraine still has a debt for already delivered gas amounting to 2.44 billion dollars (without counting the penalties)

Russia's support for Ukraine will not be endless — Russian PM
http://itar-tass.com/en/russia/772142

Gazprom has demanded repayment of $2.44 billion gas debt from Ukraine

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[deisik]

Miller: Russia withdraws discounted gas price for Ukraine from the 1st of April:
http://ria.ru/economy/20150120/1043409172.html
And Ukraine still has a debt for already delivered gas amounting to 2.44 billion dollars (without counting the penalties)

Russia's support for Ukraine will not be endless — Russian PM
http://itar-tass.com/en/russia/772142

Gazprom has demanded repayment of $2.44 billion gas debt from Ukraine

If I remember correctly, Russia can demand payment for its loan it provided to the government of Ukraine and which is due in the coming spring (March?). This would effectively mean the end of this failed state as we know it...

And they are biting the hand which feeds them, lol

[Nemo1024]

If I remember correctly, Russia can demand payment for its loan it provided to the government of Ukraine and which is due in the coming spring (March?). This would effectively mean the end of this failed state as we know it...

And they are biting the hand which feeds them, lol

You are correct. The condition on which Ukrainian state obligation were bought by Russia in december 2013, was that Ukrainian state debt would not exceed 60% of its GDP. It's now between 64% and 72%, so Russia can ask for repayment. It's unlikely, through, that it will do so. Russia has been trying to keep Ukraine afloat, what with discounted gas and free (domestic price, no prepayment) deliveries of coal. Defaulting Ukraine would be counter-productive to these efforts. But there are limits on how much biting Russia will take...

Ukraine will not hurry to pay either. The Nazis in Kiev are trying to convince Europe that they are at war with Russia (while being careful not to declare war) precisely so as to not pay their debts. The same strategy is used by France in the Mistral non-deliveries.

[deisik]

Ukraine is on the verge of default...

Ukrainian sovereigns Eurobonds slid further into record-low territory on Thursday amid intensified fighting in the Donbass. Bids for longterm benchmark Ukraine-23s fell below 50 cents on the dollar for the first time, dropping 2.3p.p. to 49.6/53.6 (20.3%/18.8%), and Ukraine-17s were down 1.7p.p. to 52.2/58.2 (34.8%/29.8%)

[Rishblitz]

Miller: Russia withdraws discounted gas price for Ukraine from the 1st of April:
http://ria.ru/economy/20150120/1043409172.html
And Ukraine still has a debt for already delivered gas amounting to 2.44 billion dollars (without counting the penalties)

Russia's support for Ukraine will not be endless — Russian PM
http://itar-tass.com/en/russia/772142

Gazprom has demanded repayment of $2.44 billion gas debt from Ukraine

If I remember correctly, Russia can demand payment for its loan it provided to the government of Ukraine and which is due in the coming spring (March?). This would effectively mean the end of this failed state as we know it...

And they are biting the hand which feeds them, lol

I wonder if Russia will cut a deal with them for more land or to renounce Ukraine's rights to Crimea

[Rishblitz]

Ukraine is on the verge of default...

Ukrainian sovereigns Eurobonds slid further into record-low territory on Thursday amid intensified fighting in the Donbass. Bids for longterm benchmark Ukraine-23s fell below 50 cents on the dollar for the first time, dropping 2.3p.p. to 49.6/53.6 (20.3%/18.8%), and Ukraine-17s were down 1.7p.p. to 52.2/58.2 (34.8%/29.8%)

Just like the U.S to a harsher extent

[deisik]

Ukraine is on the verge of default...

Ukrainian sovereigns Eurobonds slid further into record-low territory on Thursday amid intensified fighting in the Donbass. Bids for longterm benchmark Ukraine-23s fell below 50 cents on the dollar for the first time, dropping 2.3p.p. to 49.6/53.6 (20.3%/18.8%), and Ukraine-17s were down 1.7p.p. to 52.2/58.2 (34.8%/29.8%)

Just like the U.S to a harsher extent

The US cannot default (unless they go for it intentionally, of course), since their debt is nominated in dollars, the currency they happen to print...

[Nemo1024]

The following reader comment from an article about something else really drew my attention:

http://www.zerohedge.com/news/2015-01-28/russia-may-condemn-annexation-east-germany#comment-5716600

...
This is essentially South Stream diverted from Bulgaria to the northern tip of Turkey. It makes both the planned NABUCCO pipeline and the massively-expensive pipeline to transport Israel's Leviathan gas to Europe almost uneconomical. Both of those pipelines only makes sense if Russia is cut completely out of the market.

Nobody is allowed to fuck with Israel's pipeline plans or gas gold-mine. Lebanon and Palistine will remain in ruins. Syria is on it's death-bed. Losing control of Greece was a black swan - something they either completly failed to consider or assumed the banking leash would restrain 'properly'.

Is Russia allowed to interfere with Israel's future gas profits? No way in hell. Time for Israel to get their money's worth out of bribed U.S. congressmen. Time for Nettanyahu to trot out some of those stolen W54 nuclear pits for a little mischief. This time their only option is to nuke something in Ukraine to provoke a war. Their last false-flag - MH-17 - was a god damn flop and dismal failure. They're getting desperate and that always makes them sloppy. The only thing they have left to work with regarding Russia is some Ukrainian Nazis, a few U.S. military commanders in their pockets and the Blackwater/Xe/Vehicle Services assasins in Ukraine. Well, that and the W54's.
...

And that comment leads to the following article:
http://www.thetoc.gr/eng/news/article/russia-turkey-announce-new-gas-route-with-hub-in-greece-borders

[deisik]

USA: construction of the "Turkish stream" raises questions

The decision of the Russian side about the construction of the "Turkish thread" instead of "South stream" raises questions as to the US, said acting assistant Secretary of Energy for International Affairs Jonathan Elkind. According to his version, "South stream" has never been an economic project in the 1st place. "A new idea of the Russian side about the construction of the " Turkish stream" we still expect to see. But we face an open-ended question: if the project that never was economic in the 1st turn, replaced by anything, it is this change in the reality of the economic action or anything else is on the first place. What we don't know" said Elkind

Well, it seems that U.S. can't resign themselves to the idea that they are no longer (and in fact have never been) an unum solum overlord of the world...

[Nemo1024]

Looks like Ukraine is again kicking up. They are not going to prepay for the next month of gas, saying that Russia's supply is unsure. At the same time they plan to increase purchase of reverse gas from Europe:
http://tass.ru/ekonomika/1789082

Read: Ukraine hopes to get Russian gas from Europe for free as they don't have money to pay to Russia. Ukraine is prepared to pay more for the gas that went through it to Europe and then back? 

Really, I am getting tired of Ukraine and their antics. They are predictable and seem to be in a new iteration of the same old event chain that they already played thrice during the previous year.

[Nemo1024]

A new article by Lada Ray:
https://futuristrendcast.wordpress.com/2015/02/25/new-predictions-gazprom-gearing-up-for-gas-shut-off-to-ukraine-what-next/

In the video below, Vladimir Putin confirms the above, saying that “Gazprom has been fully committed and continues being committed to fulfilling all of its contractual obligations. Ukraine’s pre-payment is only enough for no more than 3-4 days. After that, Gazprom will cease gas deliveries to Ukraine.”

...

The country is bankrupt. Any money that is still there, gets stolen by oligarchs, corrupt politicians and military. Ukraine economy has been destroyed as a result of the February, 2014 coup; as a consequence of severing all ties with Russia – until recently, the largest buyer of Ukraine goods; and due to the devastating civil war with Donbass.

The true state of the Ukraine economy has been concealed through Western loans to keep the coma patient just barely alive. Another way to keep delaying the admission of insolvency is to conduct a war. This is why the war with Donbass is necessary for Kiev.

Several EU countries have been doing the illegal ‘reverse supply’ of the Russian gas to Ukraine, also to keep the patient just barely breathing. In reality, it’s not a reverse supply at all: part of EU gas simply stays in Ukraine, being siphoned off, while Ukraine still illegally collects Gazprom transit fees for this volume.

...

IMF, US and EU won’t keep supporting Ukraine forever. It’s too big, too corrupt and too broke. Ukraine is needed for the West, and especially for the US, as a convenient tool in order to weaken Russia by maintaining an area of permanent instability on Russia’s borders, and if they are lucky, by dragging Russia into the direct confrontation with Ukraine. There are economic and propaganda reasons as well, such as sabotaging Russian economy, painting Russia as a villain and aggressor, as well as making Russia strain her resources trying to help Donbass, and later Ukraine.

[tee-rex]

A new article by Lada Ray:
https://futuristrendcast.wordpress.com/2015/02/25/new-predictions-gazprom-gearing-up-for-gas-shut-off-to-ukraine-what-next/

...
The true state of the Ukraine economy has been concealed through Western loans to keep the coma patient just barely alive. Another way to keep delaying the admission of insolvency is to conduct a war. This is why the war with Donbass is necessary for Kiev.

I disagree. A war can only bring closer insolvency for Ukraine, but it is a lesser of the two evils. The bigger evil is Ukrainian population themselves. The authorities are not so afraid of default as of their own population revolt. A war allows to channel the growing disappointment of public from internal to external enemy.

[Nemo1024]

A new article by Lada Ray:
https://futuristrendcast.wordpress.com/2015/02/25/new-predictions-gazprom-gearing-up-for-gas-shut-off-to-ukraine-what-next/

...
The true state of the Ukraine economy has been concealed through Western loans to keep the coma patient just barely alive. Another way to keep delaying the admission of insolvency is to conduct a war. This is why the war with Donbass is necessary for Kiev.

I disagree. A war can only bring closer insolvency for Ukraine, but it is a lesser of the two evils. The bigger evil is Ukrainian population themselves. The authorities are not so afraid of default as their own population revolt. A war allows to channel the growing disappointment of public from internal to external enemy.

You are right in that assessment. However, there is another factor playing a role - Ukraine is only useful for USA as long as it can be used as a disruptive tool, so as long as there is a war there, at least some trickle of money (or promises thereof) will keep coming in from the West to keep Ukraine barely afloat. Once the war is over, USA will lose interest and the economic collapse will be an accomplished fact, instead of a looming possibility.

[tee-rex]

A new article by Lada Ray:
https://futuristrendcast.wordpress.com/2015/02/25/new-predictions-gazprom-gearing-up-for-gas-shut-off-to-ukraine-what-next/

...
The true state of the Ukraine economy has been concealed through Western loans to keep the coma patient just barely alive. Another way to keep delaying the admission of insolvency is to conduct a war. This is why the war with Donbass is necessary for Kiev.

I disagree. A war can only bring closer insolvency for Ukraine, but it is a lesser of the two evils. The bigger evil is Ukrainian population themselves. The authorities are not so afraid of default as their own population revolt. A war allows to channel the growing disappointment of public from internal to external enemy.

You are right in that assessment. However, there is another factor playing a role - Ukraine is only useful for USA as long as it can be used as a disruptive tool, so as long as there is a war there, at least some trickle of money (or promises thereof) will keep coming in from the West to keep Ukraine barely afloat. Once the war is over, USA will lose interest and the economic collapse will be an accomplished fact, instead of a looming possibility.

I think default would cause even greater warfare in Ukraine, though this would mean less control from the USA, since the civil war will most likely spread over the entire territory of Ukraine in this case.

[Snail2]

I think default would cause even greater warfare in Ukraine, though this would mean less control from the USA, since the civil war will most likely spread over the entire territory of Ukraine in this case.

The consequences of a default would blow the fuse for most ukrainians and could lead to revolts. The USA would lose control and ppl probably would ask help from the big brother who helped in the past...

[tee-rex]

I think default would cause even greater warfare in Ukraine, though this would mean less control from the USA, since the civil war will most likely spread over the entire territory of Ukraine in this case.

The consequences of a default would blow the fuse for most ukrainians and could lead to revolts. The USA would lose control and ppl probably would ask help from the big brother who helped in the past...

Yeah, Putin said he needed all Ukraine. Though a bit of healing undereating could only contribute to the Ukrainian populace future awakening and enlightenment (if not ascension).

[picolo]

A new article by Lada Ray:
https://futuristrendcast.wordpress.com/2015/02/25/new-predictions-gazprom-gearing-up-for-gas-shut-off-to-ukraine-what-next/

...
The true state of the Ukraine economy has been concealed through Western loans to keep the coma patient just barely alive. Another way to keep delaying the admission of insolvency is to conduct a war. This is why the war with Donbass is necessary for Kiev.

I disagree. A war can only bring closer insolvency for Ukraine, but it is a lesser of the two evils. The bigger evil is Ukrainian population themselves. The authorities are not so afraid of default as of their own population revolt. A war allows to channel the growing disappointment of public from internal to external enemy.

Ukrain is in a civil war between the west and the east. Taking side is a bad idea for Europe.

[Snail2]

Ukrain is in a civil war between the west and the east. Taking side is a bad idea for Europe.

Europe and Russia are already lost, as the US successfully drove a wedge between the two but finally Russia and the EU have to mop up in Ukraine. Rebuilding that huge country going to overstrech both Russia's and the EU's economy for at least a decade. So the US hit two birds with one stone.

[bitgeek]

A new article by Lada Ray:
https://futuristrendcast.wordpress.com/2015/02/25/new-predictions-gazprom-gearing-up-for-gas-shut-off-to-ukraine-what-next/

...
The true state of the Ukraine economy has been concealed through Western loans to keep the coma patient just barely alive. Another way to keep delaying the admission of insolvency is to conduct a war. This is why the war with Donbass is necessary for Kiev.

I disagree. A war can only bring closer insolvency for Ukraine, but it is a lesser of the two evils. The bigger evil is Ukrainian population themselves. The authorities are not so afraid of default as of their own population revolt. A war allows to channel the growing disappointment of public from internal to external enemy.

Ukrain is in a civil war between the west and the east. Taking side is a bad idea for Europe.

Europe has to take side when Putin is flying his bombers over their citizen's heads.
http://edition.cnn.com/videos/world/2015/02/19/pkg-gorani-uk-russian-plane-intercepted.cnn

[tee-rex]

A new article by Lada Ray:
https://futuristrendcast.wordpress.com/2015/02/25/new-predictions-gazprom-gearing-up-for-gas-shut-off-to-ukraine-what-next/

...
The true state of the Ukraine economy has been concealed through Western loans to keep the coma patient just barely alive. Another way to keep delaying the admission of insolvency is to conduct a war. This is why the war with Donbass is necessary for Kiev.

I disagree. A war can only bring closer insolvency for Ukraine, but it is a lesser of the two evils. The bigger evil is Ukrainian population themselves. The authorities are not so afraid of default as of their own population revolt. A war allows to channel the growing disappointment of public from internal to external enemy.

Ukrain is in a civil war between the west and the east. Taking side is a bad idea for Europe.

Europe has to take side when Putin is flying his bombers over their citizen's heads.
http://edition.cnn.com/videos/world/2015/02/19/pkg-gorani-uk-russian-plane-intercepted.cnn

As you have failed to notice, the Russian bombers didn't violate the airspace of any foreign country.