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.
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Kyiv Post

"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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