and from earlier....
Russia Warns West "Remove Forces"; Begins Military Exercise On Ukraine Border
Submitted by Tyler Durden on 04/23/2014 10:50 -0400
UPDATE: Dutch fighter jets were scrambled after Russian bombers approached Dutch airspace; the Russian planes turned away
With both sides appearing to have entirely un-de-escalated and the truce deal now a thing of the past (besides a few hundred Dow points), the Russians are speaking up today - and are not happy:
- RUSSIA IS EXTREMELY SURPRISED BY KIEV AND WASHINGTON'S "DISTORTED" INTERPRETATION OF AGREEMENT REACHED IN GENEVALAST WEEK ON DE-ESCALATION OF UKRAINE CRISIS - FOREIGN MINISTRY
- RUSSIAN FOREIGN MINISTRY SAYSKIEV AND WASHINGTON "CLOSING THEIR EYES" TO PROVOCATIVE ACTIONS BY NATIONALIST FORCESIN UKRAINE
And, on the heels of Turchynov's official restart of the so-called anti-terrorist operation, Russia is calling on Ukraine to pull back military from Ukraine's southeast... and rattles its sabre by undertaking a military exercise on the border.
Russia is surprised by distorted interpretation of Geneva accord from govts of Ukraine, U.S., RIA Novosti reports, citing Russia’s Foreign Ministry.*RUSSIA CALLS ON UKRAINE TO REMOVE MILITARY FROM SOUTHEAST: RIARussia says Ukraine, U.S. closing eyes to provocations by right-wing extremists: RIARussia still believes partners are serious about resolving crisis in Ukraine: RIA
and in addition
- RUSSIAN MILITARY CONDUCTS MILITARY EXERCISE IN ROSTOV REGION, BORDERING UKRAINE - DEFENCE MINISTRY OFFICIAL
All of this sets the scene for an important set of meetings next week...
Russia ready to host EU, Ukraine energy officials in Moscow or consider other cities for talks, Russian Energy Ministry spokeswoman Olga Golant says by phone.Golant confirms EU Energy Commissioner Guenther Oettinger invited Russia to gas talksSlovakia planning talks on use of gas pipeline in reverse to supply Ukraine on Apr. 28 in Bratislava, Eustream pipeline operator spokesman Vahram Chuguryan says by phone
So to sum it all up:
- The truce deal is dead
- Russia blames Ukraine/West for breaking deal and misunderstanding it
- Ukraine/West blame Russia for not unilaterally pulling back its forces
- Russia is warning Ukraine to pullback military from Russia-held southeast Ukraine ("or there will be retaliation")
- Russia is rattling its sabre by military exercises on the Ukraine border (after US sends another warship into the Black Sea)
- Against all this tension, gas pipeline talks are set to begin shortly.
Still buying the fucking dip on the back of Ukraine 'calming down'?
Putin Gets Paid? IMF Agrees $17bn Loan To Ukraine
Submitted by Tyler Durden on 04/23/2014 13:29 -0400
It seems Russia won't have to wait too long for the billions that Ukraine owes it for energy supplies past, present, and future pre-billings. Bloomberg reports that:
- *IMF STAFF SAID TO BACK $17B UKRAINE LOAN
- *IMF STAFF SAID TO SEEK APRIL 30 BOARD MEETING ON UKRAINE LOAN
The always-accurate staff at the IMF project a mere 5% contraction in Ukraine's economy (so that means more like 15%).
As Bloomberg reports,
International Monetary Fund staff endorsed a $17 billion loan to Ukraine to help the government pay its bills amid a projected economic contraction of 5 percent this year, according to government officials who have seen the recommendations.The staff’s report was delivered to members of the IMF’s 24-seat board late yesterday, according to the officials, who spoke on condition of anonymity to discuss internal documents.The staff proposed an April 30 board meeting to consider the loan package, they said.Conny Lotze, a spokeswoman for the IMF, declined to comment.After weeks of talks with the government in Kiev, IMF staff concluded that Ukraine needs financing from the fund that’s at the higher end of the $14 billion to $18 billion range initially announced. The IMF loan will clear the way for additional aid from the European Union and other donors.
We await the small-print to see just how much is "allowed" to be spent on paying bills to Russia vs paying off interest on bonds due to Western banks...
Russia May Halt Oil Supplies On Ukraine Theft
Submitted by Tyler Durden on 04/23/2014 14:37 -0400
First it was concerns over whether Ukraine would 'steal' gas supplies bound for Europe as it passed through pipelines in the country and now, as bills remain unpaid, a Transneft unit is threatening to halt Ukraine oil products supply due to pipeline theft.
- *TRANSNEFT COMMENTS ON OIL PRODUCTS PIPELINE IN UKRAINE
- *TRANSNEFT MAY STOP WORK OF PRIKARPATZAPADTRANS PIPELINE SYSTEM
- *TRANSNEFT: $62.7M IN OIL STOLEN FROM UKRAINE PIPE OVER 5 YRS
As Bloomberg reports,
57.9k tons of oil products have been lost from theft in Ukraine and "Transneft expresses hope that theUkrainian authorities can evaluate the risks of the current situation and not allow a negative scenario to develop."
More boomerangs ?
and from earlier....