Russia 'Might Demand USD 11 B from Ukraine,' Says Medvedev

World | March 21, 2014, Friday // 15:26| Views: | Comments: 6
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Bulgaria: Russia 'Might Demand USD 11 B from Ukraine,' Says Medvedev Russian Prime Minister Dmitry Medvedev, File photo

Russia might take Ukraine to court after Kiev violated the 2010 Kharkiv Pact, says Russian Prime Minister Dmitriy Medvedev.

In a speech at the Russian Parliament, Medvedev said the losses could be recuperated "out of Ukraine's budget", as he was quoted by Russian website

He asserted, however, that such a measure, though possible, is not yet to be taken.

The Kharkiv agreements, sealed in April 2010, extended Russia's lease on naval facilities in Crimea until 2042, and in return Moscow announced gas discounts for Kiev, reducing the price for 1000 cubic meters of gas from USD 400 to USD 100.

Earlier in March, Russia announced it was scrapping the existing price regime with Ukraine due to lack of payment from Kiev and to the political situation after the ousting of president Viktor Yanukovych on February 22.

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» To the forumComments (6)
Warfou - 22 Mar 2014 // 03:08:55

@OMG - that is true. But Greece took EUR 240 Billions, Ukraine does not need that much. Nevertheless, transition period will be difficult and the UA population will suffer for a couple of years, it is unavoidable. But there is a light at the end. In 1989, Poland was on a comparable economic level to the UA. Right now Poland is still much below under the western EU level but with an average monthly salary of about USD 1300 one can say it is a success. So get to work Ukraine, no one else will do it, you will not be left alone.

OMG - 22 Mar 2014 // 02:56:58

Welcome Ukraine!
As an introduction you get a few loans from the IMF, for a couple of billions more or less.
To comply for those loans your regime will be a little tighter then the one of Greece.
We are also very sorry to announce you your energy bill (gas, electricity, ...) will go up by minimum 50%.
Your taxes will go up too. The IMF wants some guarantees for it's money...

But don't worry, you can export to the EU and compete with EU members without needing to implement EU standards. At least not in the first year. Off course there will come a time that you need to comply with the EU production rules. That will cost a lot of money. But don't worry, the EU will give you that money. Or better the EU tax payer.
It might be that they will not be happy with that, they might remember that they had to deal with the much lower prices of your products.
But all in all, that will not be a big drama. It's not that Ukraine has much more to offer then some agricultural products and the use of some pipelines on their territory.

Win Win!

Warfou - 22 Mar 2014 // 02:20:14

@Jack Hannah - well said, it is exactly like that. Ukraine - welcome among the western nations!

Jack Hannah - 21 Mar 2014 // 23:49:38

Perhaps Putin could display himself in Yanukovich's former personal zoo.

OMG - 21 Mar 2014 // 21:16:13

There was someone before him who took a lot more to her personal accounts.
I believe she is a candidate to become president again?

je suis anglais - 21 Mar 2014 // 19:52:13

just take it out of the 70bn their dirty scumbag crony yanukovych and his family and friends have stolen from Ukraine over the last few years.

I hope Ukraine confiscate every last business and asset from him and his dirtbag associates.

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