Eric Zuesse writes:\u00a0 China is demanding refund of $1.5 billion in cash and of an additional $1.5 billion in Chinese goods that were paid in advance by China (in 2013), for a 2012 Chinese order of grain from Ukraine, which goods still have not been supplied to China.<\/p>\n
Alex Luponosov, a Ukrainian authority on Ukraine\u2019s banking system, says, \u201cUkraine won\u2019t be able to supply the grain to China, because we don\u2019t have it.\u201d The reason he gives is that \u201cthere is a big shortage of technicians: combiners, adjusters, mechanics, farm-machinery operators \u2014 all of them were taken by the army.\u201d Those men are being required to fight in Ukraine\u2019s \u2018ATO\u2019 or \u2018Anti Terrorist Operation,\u2019 that\u2019s occurring in Ukraine\u2019s former Donbass region (the far-eastern tip of Ukraine), the place where the residents don\u2019t accept the new Ukrainian Government\u2019s legitimacy.<\/p>\n
The RIAN report says that, \u201cChina is angry,\u201d and it closes: \u201cBy the way, in addition to China\u2019s $3B loan that\u2019s to be repaid with grain [which cannot be supplied], Ukraine also received from China a $3.6 billion loan to pay for the gasification of coal, by Ukraine\u2019s gas company, Naftogaz, which the Ukrainian Government has guaranteed up to 2.3 billion dollars. Information on the implementation of the coal-gasification project has not been made available, but there seems to be a high probability that this matter too will be decided in a court. If China decides to call in that loan, then the result will be the bankruptcy of either Naftogaz, or the Ukrainian Government.<\/p>\n
The IMF, and other lenders, require Ukraine to win this war, because, if the Ukrainian Government doesn\u2019t win, the natural gas and other assets that are in the ground in that region will not become available to be sold off by the Ukrainian Government in order to pay-off those investors; instead, the residents there (the people whom the Ukrainian Government is now trying to eliminate will control those assets, as being assets of a separate state \u2014 one which has not borrowed from these investors. The IMF wants the assets that are in the ground.<\/p>\n
Eric Zuesse writes:\u00a0 China is demanding refund of $1.5 billion in cash and of an additional $1.5 billion in Chinese goods that were paid in advance by China (in 2013), for a 2012 Chinese order of grain from Ukraine, which … Continue reading ![\"Ukraine's](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/01\/Ukraines-Financial-Problems-300x193.jpg\")
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