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Financial Times: Cash-strapped Kyiv turns to China

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July 21, 2012, 3:33 p.m. | Ukraine abroad — by Kyiv Post

Chinese President Hu Jintao (right) in Ukraine on a June 18-20 visit, when he held talks with President Viktor Yanukovych. Both nations inked a series of political and trade documents then as part of the Chinese leader’s tour that included stopovers in Kazakhstan and Russia.
© (Courtesy of www.president.gov.ua)

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"Ukrainian President Viktor Yanukovych’s administration may be increasingly isolated from the west due to alleged persecutions of political rivals," Roman Olearchyk writes in a Financial Times report. "And the nation may still be cut off from International Monetary Fund loans amid lacklustre reforms. But it appears to be making friends with China," according to the report.

According to the report, "a flurry of multi-billion-dollar bilateral deals revealed in recent weeks – some signed, others in the works – mark a strong surge in bilateral activity between Kyiv and Beijing. Ukrainian officials have described it the beginning of a new strategic partnership."

Click here to read the report.

 

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The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
from eu July 21, 2012, 8:27 p.m.    

very good for ukrainian people future,thanks to janucovich now you are full of debt with: russia,fmi and europe,and next debt also from china. the day that you have to repay back your debts shall be a disaster for the entire ukrainian peoplem but the ukrainians don't ask where janucovich putted these big amount of money????????

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freedom..... July 24, 2012, 4:25 a.m.    

In the picture above,,,,,if a cartoon speech bubble. was added the Chinese President would be saying...."Wow , is this guy a freakin' idiot......no problem to charge him 20% interest and give him some money,,,,,,,sheesh.....I didn't think he was so stupid,,,,,,but he is !!!!!"

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