Ukraine. Billions on weapon
Ukraine EU USA
BSSB.BE deutsche-wirtschafts-nachrichten.de 17.03.2015
Ukraine plans billion-expenditures for weapons purchases German Economic News.
The Ukraine is increasing the share of military spending in its GDP from 1.25% to 5.2% percent and intends to spend $3.8b on weapons, so the Ukrainian Finance Minister Natalia Jaresko. The contracts get mainly US-corporations such as Technologies Network Corporation.
Jaresko on Tuesday announced that she would like to increase Ukraine’s defense spending this year to 5.2% of GDP. Last year, the proportion still at 1.25% of GDP.
In sum, intended to 2015, a total of $3.8b for the arms to be spent. The arms purchases to be financed by long-term loans of the Extended Fund Facility (EFF). The EFF comprises loans from the EU, the USA, the World Bank and the IMF, the European Bank for reconstruction and development (EBRD) and the European investment Bank (EIB).
It replaces the previous ‘standby agreement’ for Ukraine, reported the Neue Zürcher Zeitung. This will allow the government in Kiev a further access to European taxpayers’ money, and thus intends to upgrade its military. So far, billions of taxpayers’ money seeps into dark channels. The spokesperson of the Ukrainian Defense Ministry, Viktoria Kushnir, was quoted by TASS:
The increased spending is the result of the current military and political situation in the Ukraine and the poor state of certain weapons and equipment, which were produced 30 years ago.
The Ukrainian military will buy more than large quantities of 500 different weapons and hardware articles buy, says Jaresko. The USA-group Technologies Network Corporation is going to deliver infrared cameras before Apr 30.
The USA -Republicans want to enforce weapons shipments to the Ukraine at any price. Walnuts McCain, Chairman of the Senate Armed Services Committee, said that if the USA government is against weapons deliveries, the USA Congress will make the decision on its own. The Republicans hold the majority both in Congress and in the Senate.
Finance Minister Jaresko herself has very good contacts in the USA.As an investment banker, she was CEO of the financial investor Horizon Capital and, at the same time, CEO at the USA state-funded Private Equity Fund WNISEF, which was already responsible for investments in Ukraine and Moldova, according to information on their own website for transactions carried out.
Prior to her entry into banking, Jaresko worked for the USA State Dept, and also has the US-citizenship. In her time as an investment banker, however, she has played a dubious role in the management of the US-taxpayers ‘money. During one of her managed private fund inflows recorded shrank the fund with the American taxpayers’ money.