Ukraine suicide plan on Russian gas *** Winter COMING to EU *** Desperate failed state latest gamble
Proposed sanctions include asset freezes, bans on certain enterprises, bans on privatizing state property, refusing to issue licenses, and a complete or partial ban on transit- both aviation and gas.
“We simply have no other choice,” the Prime Minister said, adding that Ukraine will use part of the $17 billion IMF aid to achieve energy independence, and may go to the World Bank for help.
Ukraine wants to “put a stop” to its gas dependence on Russia, its main source for energy to heat homes and buildings, but understands it will not be an “easy” process, Yatsenyuk told reporters.
The Prime Minister estimates Ukraine could stand to lose $7 billion as a result of imposing sectorial sanctions against Russia, its biggest trading partner after the European Union.
“There is no doubt that Russia will continue its course in Ukraine it began a decade ago- banning Ukrainian goods, decreasing cooperation, pressure, and blackmail,” Yatsenyuk said.
On Monday the Ukrainian government said it plans to mirror Western sanctions and target Russia’s financial, energy, and military sectors.
Ukraine imports nearly 50 percent of its natural gas from Russia, which in 2013 totaled 27.7 billion cubic meters of natural gas.
If approved, a halt to Russian gas transit would hit Europe as the continent gets 15 percent of the energy it needs from Russia. In June Gazprom, Russia’s national gas company announced it was stopping deliveries to Ukraine, but would continue to ship 180 billion cubic meters of gas to Europe.
So in summary, Ukraine will destroy its economy, incurring $7 billion in costs, just to spite Gazprom and force Europe as leverage and to escalate the conflict, because without Russian gas Europe is powerless.
Who wins here? Clearly not the Ukraine people, who are looking at not only soaring inflation as Kiev will have no choice but to inflate away this $7 billion loss through "printing", not to mention have a cold winter to look forward to. The answer: Burisma Holdings, where Joe Biden's son is a directorand which will promptly commence shale gas exploration as an "alternative" to Russian gas, over the objections of the local people - after all can't let a crisis go to waste.
And who funds all of this? Why you dear US taxpayer, via IMF loans, which will be used to pay for young Master Biden's Christmas bonus!
The only question is whether Europe will merely stand there and wait as 15% of its energy is suddenly cut off (hint: no).