- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

40 Billion Dollar Aid Won’t Help Ukrainian Population – German Magazine

© Flickr / reynermediaA lot of dollars
A lot of dollars - Sputnik International
Subscribe
Ukrainians are unlikely to take advantage of the foreign aid package, as much of the money will be spent on weapons purchases and divided among the oligarchs.

The German magazine “Wirtschafts Woche” considers the $40 billion IMF aid package for Ukraine a bad idea, as the given money will not alleviate the suffering of the Ukrainian residents and is more likely to further enrich oligarchs in power.

On March 11, the IMF approved a $17.5 billion loan for Ukraine. The total aid package for Kiev is expected to reach $40 billion.

Gas pipeline station workers passing the gas pressure engines in Zakarpattia region, Western Ukraine - Sputnik International
EU Commission Hopes Russia-Ukraine Gas Supplies Issue to Be Solved in April
Fifteen billion dollars is supposed to be used to restructure Ukraine’s external debt. The rest should go to restore the destroyed infrastructure in the eastern regions of the country.

However, this is only a theory, the German magazine writes. The suspension of hostilities in the eastern parts of Ukraine has not stopped the human suffering, with the Kiev government continuing to persecute people, dissatisfied with the country’s regime.

The economic situation is very fragile; pensioners, whose tiny retirement pays were significantly reduced and have to pay additional taxes, while inflation in the country has increased by 30%.

Ammunition lie on a road in the village of Chornukhyne near the town of Debaltseve, north-east from Donetsk - Sputnik International
Russia
Western Interference in Ukraine's Internal Affairs Reason of the Crisis
However, despite these hard times, Ukrainian oligarchs continue to live a prosperous life. The profit from the chocolate factories of Ukrainian President Petro Poroshenko, for instance, increased eightfold.

According to “Wirtschafts Woche,” the IMF’s decision to provide financial assistance to Ukraine is ill-considered, as most money is likely to be spent on arms purchases.

After the disastrous and incompetent war in the winter months, the Kiev government is likely to seek revenge. Thus, the IMF will undermine the largely sustainable ceasefire, achieved by the European states, the magazine wrote.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала