Ukraine's economy hits rock bottom.

[Deleted]

Another successful western project...Ukraine sliding down into the abyss and Nuland's cookies don't warm anymore..

RT

Ukraine's economy hits rock bottom.

14 Dec, 2015 09:36

The Ukrainian economy is set to contract 12 percent this year, while inflation is forecast to reach 50.8 percent, according to the World Bank.

The main reasons for the slowing economy and rising inflation are the military conflict in Eastern Ukraine and a fall in trade with Russia.

According to Kiev’s statistical data, exports of Ukrainian goods to Russia fell by 55.6 percent in the first nine months of 2015.

Exports to Russia now stand at $3.6 billion, compared to $8.1 billion in the same period last year. The import of goods from Russia fell by 47.9 percent to $5.5 billion.

Even so Russia remains Ukraine's largest trading partner, accounting for 12.8 percent of its exports and 20 percent of imports. Ukraine's second biggest export market is Turkey at 7.3 percent.

Ukraine has not been able to use preferential treatment from the EU under the Association Agreement that was supposed to cancel duty on Ukrainian products.

"To deliver goods to the EU Ukrainian businesses must obtain the appropriate certificates and it is a complicated procedure," said Kiev-based economist Aleksandr Okhrimenko.

With more than 50 percent inflation banks have practically stopped bankrolling the economy. The lending rate is about 30 percent per year in Ukrainian hryvnia. The national currency has lost 50 percent of its value in 2015, boosting inflation.

The World Bank estimates the Ukrainian economy will grow one percent in 2016, and inflation is projected to hit 23.4 percent next year.

RT

Putin signs decree suspending free trade treaty with Ukraine starting January 1, 2016.

16 Dec, 2015 15:56

Russian President Vladimir Putin on Wednesday signed a decree to suspend the free trade treaty with Ukraine, starting from January 1, 2016.

“Due to exceptional circumstances affecting the interests and economic security of the Russian Federation which require immediate measures, I order ... from January 1, 2016 to suspend the Agreement on the free trade zone with Ukraine, which was signed in St. Petersburg on 18 October 2011," said the decree.

Currently, Russia and Ukraine are trading in accordance with the free trade agreement between CIS countries. However, starting next year the economic part of Kiev's Association Agreement with the EU comes into force making Ukraine part of the European trading bloc.

Last month, Russia’s Economic Development Minister Aleksey Ulyukaev said Moscow will impose a food embargo on Ukraine from January 1. According to him, the food ban is to be introduced to counteract Ukraine joining economic and financial sanctions against Russia.

The minister explained the measure aims to protect the Russian market from the illegal supply of embargoed European goods that will become available in Ukraine under the Association Agreement.

Moscow banned agricultural and other products from European countries that joined anti-Russian sanctions.

Ulyukaev also said the Kremlin plans to introduce customs tariffs on imports of other goods from Ukraine. The tariffs will be introduced because Ukraine will no longer be part of the Commonwealth of Independent States (CIS) free trade zone and therefore should not enjoy membership benefits, according to the minister.

Savage garden in Ukraine's parliament where brawl starts with flowers.

IN THE NOW
Dec 11, 2015



A fight broke out in Ukraine's Rada, as Prime Minister Arseny Yatsenyuk was delivering his annual yearender address and one of the MPs attempted to drag him out of the stage after giving the PM a bouquet of red roses. The flowers were his way of saying you should go.

'Thief!' 'Bastard!' Highest level brawl at Ukraine govt session.

RT
Dec 16, 2015



Mikhail Saakashvili, the ex-Georgian president who is now governor of Odessa, got a glass of water thrown in his face by Ukrainian Interior Minister Arsen Avakov as an angry slanging match over who is more corrupt spilled over into violence.

[Ulmita]

Another successful western project...Ukraine sliding down into the abyss and Nuland's cookies don't warm anymore..

But why do you say that?

[Deleted]

It's just a matter of time until Porky gets attacked as well.

[sarahtasher]

''Ukrainians dirty. Ukrainians stoopid. Ukraiinian pure slavic blood polluted with Gay-Jew-German diseases. ROOSSSIA STRUNK !''

Now that the required by Putin divine orders ethnic slurs have been given, you mean that a country invaded by his neighbours suffer economic woes ? I suppose this is some kind of scoop for the Kremlin, who BTW also orders to believe that debt and GPD are ''western lies'' ?

Also, keep posting Nuland as a ''proof'' of a ''conspiracy'' : never mind that RT is broacasting 24/24 propaganda that would have been ridiculous by WW1 standards about the Ukraine conflict and that if ''propaganda'' was the key in this war, STRONK MASTAH PUTIN should have all Ukraine at his knees.

- - - Updated - - -

It's just a matter of time until Porky gets attacked as well.

RT instruction : Ukraine president not selling country to MASTAH PUTIN = nazi, corrupt. Not like STRONK PRESIDENT that sold the whole country to MASTAH PUTIN for 15 billions. Not corrupt : just gave back filthy impure peons to rightful owner.

[Celista]

''Ukrainians dirty. Ukrainians stoopid. Ukraiinian pure slavic blood polluted with Gay-Jew-German diseases. ROOSSSIA STRUNK !''

RT instruction : Ukraine president not selling country to MASTAH PUTIN = nazi, corrupt. Not like STRONK PRESIDENT that sold the whole country to MASTAH PUTIN for 15 billions. Not corrupt : just gave back filthy impure peons to rightful owner.

Man there are some strong feelings about Russia/Ukraine on these forums. I am glad that I live in the United States where everyone loves us and we receive no hate from other countries at all.

[Independent voter]

RT, Russian Times, is Putin propaganda, everyone knows that.

[Raynre Valence]

There is no war in Ba Sing Se...

[Vash The Stampede]

You want a better economy? Embrace technology and science. Ukraine like Greece and so many other European countries need to embrace this.

Here's their exports.



Compare that to Germany.

[Charge me Doctor]

lol @ 11% unclassified transactions

[Zstr]

RT, Russian Times, is Putin propaganda, everyone knows that.

indeed this, why you cloudng those virgin western minds!
Ukraine is another new ̶a̶f̶r̶i̶c̶a̶n̶ europian standart country!

[caervek]

Lol, was the really any other outcome? Their biggest trade partner who they owe billions too has stopped bankrolling them and isn't speaking to them, plus the richest parts of the country are in revolt due to strongly opposing the post coup government or have held a referendum and left the country.

In other news it's rumored that falling out with China would hurt North Korea!

[ezgeze]

Sounds more like a long overdue economic correction if you ask me.

[owbu]

are you the putin trolls I keep hearing about ^^?

Guess if your number 1 trade partner stops trading with you, that is bad for your economy. So is fighting a war.
Not quite sure why you think that thats just the EUs fault, but hey. Guess you reflect your news a little less than I do mine (which is telling me that its all russias fault and the big shiny EU didnt do anything wrong^^)

[Deleted]

More economic warfare will definitely sway ukrainians to the pro-russian camp, I bet.

[OmniSkribe]

''Ukrainians dirty. Ukrainians stoopid. Ukraiinian pure slavic blood polluted with Gay-Jew-German diseases. ROOSSSIA STRUNK !''

Now that the required by Putin divine orders ethnic slurs have been given, you mean that a country invaded by his neighbours suffer economic woes ? I suppose this is some kind of scoop for the Kremlin, who BTW also orders to believe that debt and GPD are ''western lies'' ?

Also, keep posting Nuland as a ''proof'' of a ''conspiracy'' : never mind that RT is broacasting 24/24 propaganda that would have been ridiculous by WW1 standards about the Ukraine conflict and that if ''propaganda'' was the key in this war, STRONK MASTAH PUTIN should have all Ukraine at his knees.

- - - Updated - - -




RT instruction : Ukraine president not selling country to MASTAH PUTIN = nazi, corrupt. Not like STRONK PRESIDENT that sold the whole country to MASTAH PUTIN for 15 billions. Not corrupt : just gave back filthy impure peons to rightful owner.

Your manner to write and low number of words in your vocabulary is pointing to the fact that you really need medical treatment and professional help. Please, just leave and get some help.

[Charge me Doctor]

Your manner to write and low number of words in your vocabulary is pointing to the fact that you really need medical treatment and professional help. Please, just leave and get some help.

Or, it means that english is not her native language, no need to insult others like that

[caervek]

Your manner to write and low number of words in your vocabulary is pointing to the fact that you really need medical treatment and professional help. Please, just leave and get some help.

They're using internet slang, don't worry if it's confusing at first you'll understand it eventually.

[Noradin]

lol @ 11% unclassified transactions

Yes, that means books, patents, knowledge, and the like.

[Omgodzilla]

''Ukrainians dirty. Ukrainians stoopid. Ukraiinian pure slavic blood polluted with Gay-Jew-German diseases. ROOSSSIA STRUNK !''

Now that the required by Putin divine orders ethnic slurs have been given, you mean that a country invaded by his neighbours suffer economic woes ? I suppose this is some kind of scoop for the Kremlin, who BTW also orders to believe that debt and GPD are ''western lies'' ?

Also, keep posting Nuland as a ''proof'' of a ''conspiracy'' : never mind that RT is broacasting 24/24 propaganda that would have been ridiculous by WW1 standards about the Ukraine conflict and that if ''propaganda'' was the key in this war, STRONK MASTAH PUTIN should have all Ukraine at his knees.

- - - Updated - - -




RT instruction : Ukraine president not selling country to MASTAH PUTIN = nazi, corrupt. Not like STRONK PRESIDENT that sold the whole country to MASTAH PUTIN for 15 billions. Not corrupt : just gave back filthy impure peons to rightful owner.

You really need to start coming up with new material. I'm not a fan of Putin either, but your refusal to talk like a normal person makes you just as annoying, if not more so, than the pro-Kremlin trolls.

[Deleted]

I'm sure the EU will promise them truckloads of free money, that no member state actually wants to pay for.