The way President Putin figures, the Ukraine owes Russia 38.1 B Dollars. That is more than the IMF and the EU pledged to help the Ukraine. If the two loan packages go through, it will mean a transfer of some $30B to Russia. That still won't cover the Ukrainian debt. Now that Russia no longer pays rent for the Crimean base and that the discount of 80% in gas prices no longer apply, the Ukraine is insolvent.
What will the Russians do? is the question.
Friday, April 11, 2014
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