Some Russians Think West Wants to Bankrupt Ukraine to Hurt Russia

Russia would not see its loans repaid, while West would acquire Ukraine assets on the cheap

Mon, Dec 22, 2014
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One of Russia's leading dailies

A good example of how Russians really think.

Despite the accusations in the west that Russia is intent on "dismembering" and destabilizing Ukraine the Russians actually want a stable and functional Ukraine that can repay its debt and is a good trading partner.

This is an excerpt from an article that originally appeared at Russia Beyond the Headlines


The Nezavisimaya Gazeta newspaper points out that Ukraine is speedily moving towards a default, which is part of the West’s strategy as its main victim will be Russia.

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“One gets the feeling that a Ukrainian default is not that unwanted by the West,” the newspaper writes.

“For Ukraine, it will be a bracing shower and a release from debts, albeit partial. However, for the EU, a default by Kiev would mean they no longer have to sponsor a chronic debtor."

"The one who stands to gain the least from this move is Russia, which will have to forgive billions’ worth of loans to Ukraine both from the state and from private companies and banks working with that country.”

“It cannot be ruled out that the IMF is trying to force Russia to aid Ukraine under the threat of a default,” says deputy head of the CIS Institute Vladimir Zharikhin.

“In that case, we may be left without the recovery of gas debts and the $3-billion loan issued late last year. In addition, as a result of a social upheaval, there may be a mass influx of Ukrainian immigrants into Russia.”

According to Mikhail Delyagin, head of Russia’s Institute of Globalization Problems, leading Ukraine into bankruptcy is a deliberate policy by the West.

“A default will make it possible to obtain Ukraine’s assets at minimal prices or maybe even free of charge: the energy system, the gas transportation system, ports, mineral deposits."

"Russia will surely write off Ukraine’s huge debts, while the West will do no such thing,” says Delyagin.

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