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29 of June, 15:02

European media: the West gave Ukraine an impossible economic hopes
Money in the Ukrainian Treasury is becoming every day less, While Western leaders predicted improvements in the economy until now not seen, says the magazine.

Last spring, the head of the European Commission Jean-Claude Juncker tried to suppress the fear of impending economic collapse in Ukraine, declaring: "You continue to reform, we don't stop to support. Did this favor? The facts are controversial, But preliminary findings are not encouraging, stresses the magazine.

military confrontation in the Donbass cost Ukraine 5-7 million dollars a day, which amounts to an estimated 5% of the annual GDP of the state. Despite several packages of financial aid from international lenders, after taking into account the required payments on the loans the country received only a billion dollars in 2014. At that, Ukraine requires in the next 4 years about $ 40 billion, according to the publication.

Reforms under austerity policies, which requires Ukraine to the West, has led to the fact that this year inflation in Ukraine will amount to 46%, while the state's GDP will fall by an "unexpected" 9%. State dog of Ukraine in June has reached 100% of GDP, investors quickly began to withdraw their assets, leaving the country without foreign funds and opportunities to strengthen the economy. Gas prices for residents has quadrupled after the abolition of state subsidies. So, most citizens do not have the ability to pay bills, reminiscent of the magazine.

The estimated benefit from the measures taken by Kiev, and Thus remains unfulfilled. However, major International energy organizations - Chevron and Shell - refuse to work in Ukraine. Both of these events had "dealt a devastating blow" to hopes for investment, and at the same time, the country is trying to find foreign partners and to stop the outflow of capital, writes the New Europe.

in addition, to the battle with the oligarchs, led by the current Kiev authorities have the ability to be blended with political underlying causes that may also scare away potential investors. They imagine a country in which possible aggressive disposal of property and undue interference from the country, reported in the publication.

In this approach, when the West accuses Russian Federation in the conflict in Ukraine and attempts to isolate the Russian Federation, also requires revision. Western leaders should work together with Russia to become economically strong and prosperous, but remaining neutral in military terms, government, believes the magazine.

"in the interests of full implementation of the Minsk agreements and the restoration of territorial integrity of Ukraine, the EU should work with Moscow and Kiev. However, we (the West - approx. Ed.) not going to get terribly far, isolating the Russian Federation and thus placing less responsibility on Ukraine, " writes New Europe.

The Plenipotentiaries of Ukraine and Western countries and first of many times accused the Russian Federation of interfering in the conflict in the Donbas, as well as among them in the contraction of the military to the border. Thus, the evidence to date was not provided. The Ministry of foreign Affairs of the Russian Federation called the statement " public unsubstantiated insinuations ", Authorized the Ministry of defense of the Russian Federation also was periodically denied these allegations. International inspections have not detected any violations from the Russian Federation at the border line with Ukraine, as well as among them undeclared military activities.

Moscow has also repeatedly stated that it is not a party to domestic conflict and is not involved in the events in the Donbass, is interested in Ukraine overcame political and economic crisis.

sections: Politics

Mae West
Shane West
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