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Looting the Ukraine

Gold mine indeed.

I am not a believer in mono-causal explanations for complex events like the US/EU coup in the Ukraine. There are many different actors – American neo-Cons and humanitarian interventionists, Eu bureaucrats, NATO officers and so forth. But accumulation and asset looting are always one motivation shared by many of those involved. Here are a couple of recent items giving substance to the asset looting motivation.

Back in July, Nuland’s man Arseniy “Yats” Yatsenyuk resigned from the Ukrainian parliament. From Mike Shedlocks blog:

Mr Yatseniuk rebuked the existing parliament for putting Ukraine’s future at risk and betraying the ideals of the protests that toppled Mr Yanukovich in February, by failing to pass vital laws on energy and army financing.

Ukrainian Government Breaks Up

And how exactly was parliament betraying the ideals of the protests?

From RIA Novosti (via Shedlock)

Yatsenyuk also expressed disappointment with Ukrainian parliament’s decision to reject a bill that allows the government to hand over up to 49 percent of the country’s gas transport system to investors from the European Union and the United States.

Ukrainian Prime Minister Yatsenyuk Announces Resignation

So, the legitimate protestors were motivated by a desire to sell-off Ukraine’s assets to investors from Europe and the US?

And, guess what – the parliamentary elections triggered by Yats’ (temporary resignation) were able to produce a majority in favor of the privatization scheme:

The Ukrainian parliament on Thursday passed a law that allows the government to hand over up to 49 percent of the country’s gas transport system to investors from the European Union and the United States.


Well done Yats!

Ukraine is known for its agriculture. The use of GMO’s is illegal – but that’s going to change. Joyce Nelson writes at Counterpunch:

Finally, a little-known aspect of the crisis in Ukraine is receiving some international attention.  On July 28, the California-based Oakland Institute released a report revealing that the World Bank and the International Monetary Fund (IMF), under terms of their $17 billion loan to Ukraine, would open that country to genetically-modified (GM) crops and genetically-modified organisms (GMOs) in agriculture.

Monsanto and Ukraine

So, while the Ukraine will be on the hook for billions as a result of their IMF bailout – they will also be forced to clear the way for large ‘western agribusiness’. Monsanto is now offering grants to Ukrainian farmers to ‘innovate’. And one CEO is quoted as saying:

Ukraine’s agriculture could be a real gold mine.” But he added that there are “many aspects of the [Ukraine] business climate that need to be changed.  The major item would center around getting the government out of business…

Gold mine indeed.

There is a great deal of information in Nelson’s article. I recommend it highly.

Photo by Lee Morley under Creative Commons license

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