‘Politics blinded them?’ Putin says sanctions against Russia may backfire on Ukraine

Greetings,

‘Politics blinded them?’ Putin says sanctions against Russia may backfire on Ukraine

2.si

It’s astounding that the EU and US don’t realize that by limiting Russia’s access to international capital, they’re actually undermining the financial wellbeing of Ukraine, which is credited by Russian banks, Vladimir Putin told German TV channel ARD.

Read the transcript of the interview, part 1

The Russian President said that the country’s banks “have currently extended a $25-billion loan to the Ukrainian economy.”

“If our European and American partners want to help Ukraine, how can they undermine the financial base by limiting our financial institutions’ access to world capital markets?” said Putin in the ARD interview, as cited by Kremlin.ru.

“Do they want to bankrupt our banks? In that case they will bankrupt Ukraine. Have they thought about what they are doing at all or not? Or has politics blinded them? As we know eyes constitute a peripheral part of brain. Was something switched off in their brains?” the president wondered.

4

The Russian state isn’t going to execute its formal right to demand an early payment of the $3 billion it loaned Kiev a year ago, Putin said.

“We have already decided that we will not do it because then Ukraine’s whole financial system would collapse,” he explained.

“We do not want to aggravate the situation. We want Ukraine to get back on its feet at last,” the president stressed.

As for the Russian banks, it’s their shareholders, including foreign ones, that should decide whether to demand early payment from their Ukrainian credit customers or not, he said…..MORE HERE

Click here for reuse options!
Copyright 2014 Hiram's 1555 Blog

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.