BBC News reported today (25/1/2016) that,
"Despite rampant inflation and only a recent recovery from recession, Ukraine will be able to eke out modest growth in 2016, Ukraine's finance minister told CNBC Thursday.
....
Natalie Ann Jaresko [Ukraine Finance Minister] told CNBC on the sidelines of the World Economic Forum in Davos.
"We've turned the corner and I think this year, we're looking to see growth and even if it's slight growth, it's growth. Coming out of a recession, restoring stability and providing new jobs and new consumer purchasing power to the people (is the aim)." (CNBC : Thu, 21 Jan '16)(my emphasis)
We now have to ask ourselves the following questions.
(1) Why is the so-called leader of the eastern Ukraine rebel held area of Donetsk,
Alexander Zakharchenko (right) once again,
Moscow that,
But perhaps, most important of all,
(3) Why has US Secretary of State, John Kerry, just last Friday (22 Jan. 2016)
"....held out the prospect of lifting the sanctions if the Minsk agreement is implemented in full.
The statements of Emmanuel Macron and John Kerry throws into sharp relief
Poroshenko, however, still has to convince the Ukrainian parliament (the Rada) that the implementation of points 3 & 9 of Minsk1 viz.- "Russia's economy contracted by 3.7% in 2015, according to preliminary figures published by the country's statistics service.
- Retail sales plunged by 10% and capital investment fell by 8.4% in the economy's worst performance since 2009.
- Even pro-Kremlin media now admit that the country is facing a full blown economic crisis.
- Prime Minister Dmitry Medvedev warned earlier this month that the fall could force Russia's 2016 budget to be revised." (BBC News : 25 January 2016)
"Despite rampant inflation and only a recent recovery from recession, Ukraine will be able to eke out modest growth in 2016, Ukraine's finance minister told CNBC Thursday.
....
Natalie Ann Jaresko [Ukraine Finance Minister] told CNBC on the sidelines of the World Economic Forum in Davos.
"We've turned the corner and I think this year, we're looking to see growth and even if it's slight growth, it's growth. Coming out of a recession, restoring stability and providing new jobs and new consumer purchasing power to the people (is the aim)." (CNBC : Thu, 21 Jan '16)(my emphasis)
We now have to ask ourselves the following questions.
(1) Why is the so-called leader of the eastern Ukraine rebel held area of Donetsk,
Alexander Zakharchenko (right) once again,
- "[refusing] to hold a local ballot in accordance with Ukrainian law
- [banning] the participation of any Ukrainian parties in future local elections [in the rebel held area of Donetsk]"? (UT : Jan. 24, 2016)
Moscow that,
"The goal that we all share is to be able to lift the sanctions this
summer because the (Minsk peace) process will have been respected,"
Macron told French business executives during a visit
to Moscow."? (Yahoo News (Moscow (AFP)) : 25 Jan. 2016) (my emphasis)
But perhaps, most important of all,
(3) Why has US Secretary of State, John Kerry, just last Friday (22 Jan. 2016)
"....held out the prospect of lifting the sanctions if the Minsk agreement is implemented in full.
"With
effort and with bona-fide legitimate intent to solve the problem on
both sides, it is possible in these next months to find those Minsk
agreements implemented," Kerry said in a speech at the World Economic
Forum in Davos, Switzerland."? (ibid Emmanuel Macron) (my emphasis)
- the unbridgeable gulf that has grown between Putin and his proxy, Alexander Zakharchenko, in the rebel-held Donetsk region of eastern Ukraine,
- as well as the possible understatement of Putin's economic woes by so many western economic pundits, woes that can be ameliorated if sanctions against Russia are lifted.
- Decentralisation of power, including through the adoption of the Ukrainian law "On temporary Order of Local Self-Governance in Particular Districts of Donetsk and Luhansk Oblasts".
- To ensure early local elections in accordance with the Ukrainian law "On temporary Order of Local Self-Governance in Particular Districts of Donetsk and Luhansk Oblasts". (Wikipedia)
But these are the sticking points for many in the Ukrainian Rada.
To appease his critics in the Rada, President Poroshenko stated that,
"Ukraine will not give its eastern regions greater autonomy until a lasting ceasefire with pro-Russian separatist rebels is in place, President Petro Poroshenko said on Sunday, in comments that could antagonise the rebels and the Kremlin." (Natalia Zinets : Reuters:
However he also warned that,
"They will lead to the resumption of the 'hot phase' of the conflict, including a full-scale -- and not local, as it has been so far -- conflict with Russia," he added. (RFERL : Monday, January 25, 2016) (my emphasis)
Underscoring Poroshenko's warning, Diane Francis (right) of the Financial Post reports that,
“If Ukraine collapses, another migration of a few million people to the EU will occur,” said financier George Soros during the panel discussion [at Davros].
“The German finance minister [Wolfgang Schaeble (left)] proposed an EU-funded Marshall Plan to help with its migration issues. That should include funds to help pay for Ukraine’s important role in defending Europe against Putin.” (The Vancouver Sun :
- temporary Order of Local Self-Governance in Particular Districts of Donetsk and Luhansk Oblasts",
- early local elections in accordance with the Ukrainian law (and under international supervision) "On temporary Order of Local Self-Governance in Particular Districts of Donetsk and Luhansk Oblasts", and
- the
"The decision by all heads of states [during the European Council meeting in March] means that the duration of the sanctions is related to completing the Minsk agreements of February this year. " (UT : Apr. 27, 2015) (my emphasis)
However,
"... Merkel's comments did not clarify whether Russia's ongoing illegal occupation of Crimea was tied to maintaining sanctions. The EU, US and other western nations imposed sanctions on Moscow last year following their seizure of Ukrainian territory." (ibid UT) (my emphasis)
Is the ghost of Catherine the Great, that German "daughter of Prince Christian of Analt-Zerbst, a small German principality", [who] at "15 years old, [was selected by] Empress Elizabeth of Russia to be the wife of her nephew and heir, the future Emperor (Czar) Peter III, of Russia, and who "annexed Crimea "in violation of the Peace Treaty of Kϋϛϋk Kaynarca.", hovering over Angela Merkel? (Crimea Historical Society)
Is it not ironic that the two Germans, Catherine the Great and Angela Merkel, are giving Crimea to Russia, the first by conquest, and the second by ..... political expediency?
Is it therefore any wonder that Poroshenko is now putting Crimea back on the agenda, expecting to,
".... bring the Russian-occupied part of eastern Ukraine and annexed Crimea back under government control by the year’s end."? (KyivPost :
Jan. 14, 2016)
(to be continued)
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