Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

pampango

(24,692 posts)
Thu Feb 27, 2014, 11:52 AM Feb 2014

New Ukrainian prime minister: $37 billion in aid, $70 billion overall gone to "off-shore accounts".

Ukraine's new prime minister Arseny Yatseniuk on Thursday accused the government of ousted President Viktor Yanukovich of stripping state coffers bare and said 37 billion dollars of credit it had received had disappeared.

Speaking in parliament before he was appointed head of a national unity government, Yatseniuk said that in the past three years "the sum of 70 billion dollars was paid out of Ukraine's financial system into off-shore accounts over the past three years".

"I want to report to you - the state treasury has been robbed and is empty," he said. "37 billion dollars of credit received have disappeared in an unknown direction," he added.

The situation was so grave that there was no other alternative but to take "extraordinarily unpopular measures," he said.

http://www.reuters.com/article/2014/02/27/us-ukraine-crisis-money-idUSBREA1Q14Q20140227

A public statement like this does not make it true but Yanukovych left a lot of documents behind. I suppose he might have fled Ukraine because he has a few billion dollars 'invested' for his retirement. Why stay and fight, when you have a comfortable retirement lined up. I wonder if the state treasury's balance sheet took a sudden drop in the last few weeks as the rats were preparing to desert a sinking ship.

It will be a long legal battle, but I hope Ukraine is able to pursue restitution of this money if it is proven to have been stolen. Now that Russia has agreed to allow Yanukovych to live there, at least he will not be a financial burden on Russian society.

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
New Ukrainian prime minister: $37 billion in aid, $70 billion overall gone to "off-shore accounts". (Original Post) pampango Feb 2014 OP
President Madoff. nt Tommy_Carcetti Feb 2014 #1
And In Further News, Sir.... The Magistrate Feb 2014 #2
Look at their off-shore accounts FarCenter Feb 2014 #3
 

FarCenter

(19,429 posts)
3. Look at their off-shore accounts
Thu Feb 27, 2014, 12:44 PM
Feb 2014
http://en.wikipedia.org/wiki/Ukrainian_oligarchs

But it won't happen, because a lot of these guys are allied with Western interests. They backed Yanukovich while he was useful, but have now switched sides.
Latest Discussions»General Discussion»New Ukrainian prime minis...