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Politics : Foreign Policy Discussion Thread
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From: Thomas M.7/31/2024 5:18:50 PM
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In 2014, Ukraine needed a loan. There were two offers:

The World Bank (IMF) offered $15 billion with two conditions:
  • Lift the ban on private sector land ownership.
  • Cut pensions and fuel subsidies.
Russia also offered $15 billion, but WITHOUT the austerity and privatization requirement.

Ukrainian President Yanukovych decided to chose Russia's offer, so Washington instigated a coup, ousting Yanukovych.

The new Ukrainian government accepted the IMF loan and conditions: austerity and privatization

Multinational consortia with US capital have already bought 1/3 of Ukraine's farmland.....

x.com

Tom
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