Friday, February 21, 2014

A joint government has to follow, it is up to Europe to it's success.

Europe is going to have a long term involvement in the Ukraine. It won't prohibit investment by other nations, but, the Ukraine needs stability and it is Europe that can most provide it. All parties need recognition and a short term peace won't last without a sustained European involvement. There has been too much political turbulence over the past decade. 

 Ukraine protest LIVE 11:59:59 (click here)

05:19
Friday
February 21, 2014

U.S. Secretary of State John Kerry (click here) urges to call to account those who are responsible for violence in Ukraine
Ukrainian News learned this from his statement.
"The violence must stop. We unequivocally condemn the use of force against civilians by security forces... The people of Ukraine and the international community will hold to account those who are responsible for what has occurred," Kerry says.
He reminds that the United States has already begun implementing sanctions through travel bans on Ukrainians responsible for the violence.
As Ukrainian News earlier reported, the Presidential Administration's head Andrii Kliuev consider that imposition of sanctions against Ukrainian officials will escalate the conflict. 

If there is an agreement that doesn't return the former Prime Minister for early elections I have my doubts about the outcome of any such agreement. Former Prime Minister Yulia Tymoshenko has been leading the resistance from her Russian prison cell. She has been calling for the return of the 2004 Ukraine Constitution. If she is not a part of the agreement, the peril of the people will most likely continue.
Yulia Tymoshenko


Last updated: February 21, 2014 9:08 am
By Neil Buckley and Roman Olearchyk in Kiev and Peter Spiegel in Brussels

High quality global journalism (click here) requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail.
Ukraine’s embattled president Viktor Yanukovich claimed on Friday to have reached a compromise deal to end the country’s violent political crisis – but EU ministers immediately raised questions and it was unclear that anti-government protesters would accept it.
The announcement followed a massacre in Kiev on Thursday in which as many as 70 Ukrainians were killed as unidentified snipers fired on protesters in the capital’s central square....

The problem is not Russia's, it is Europe's, simply because Europe cannot possibly enter into a war. A civil war within the Ukraine is an outrageous idea. It would destabilize Eastern Europe and heavily impact the economy of Western Europe. The location of the Ukraine invites instability in relation to the region.

Europe needs to compliment the settlement with realistic outcomes at this point. Europe cannot take a hard line simply because it is ideologically best. The Ukraine needs compromise, transparency and joint government. Right now those lead by the former Prime Minister see the concentrated attention as an opportunity to achieve their goals. They are correct to the extent the global community has their attention, but, it cannot lead to armed conflict. 

Tymoshenko and Chancellor Angela Merkel at a March 2011 European People's Party summit in Brussels.

David Francis
The Fiscal Times 
February 20, 2014

The Fiscal Times
February 20, 2014
Yulia Tymoshenko (click here) - If there is one person who could calm the opposition, it’s Tymoshenko. European human rights groups have been pushing hard for her release since she was jailed in 2011. It’s not impossible to imagine that if she were freed, it would calm protestors.
As prime minister, Tymoshenko was a vocal advocate of increasing ties with the West and was a constant thorn in Russian President Vladimir Putin’s side. This led to gas pricing disputes in which Gazprom shut off the flow of natural gas through Ukraine, causing a series of energy crises in Europe.
Tymoshenko is loved by Europe, but she’s a divisive figure inside Ukraine. Beginning in 2005, she served as prime minister for five years and was a key part of the Orange Revolution, which brought democratic reforms to Ukraine. But she was always dogged by allegations of corruption in her energy business dealings; Yanukovych used these suspicions to defeat her in the 2010 president election, and then trumped up charges based on those decisions after it. She’s currently serving the second year of a seven-year sentence for embezzlement and tax fraud charges.

There needs to be a European Envoy to regularly visit the former Prime Minister. Europe cannot step away from the brink of success in ending the conflict. But, Europe needs to stay actively involved in promoting a government that will work for the people.

By Martin Santa and Marc Jones
BRUSSELS/LONDON Feb 19 (Reuters) - The European InvestmentBank (EIB) (click here) said on Wednesday it had frozen its activities in Ukraine after at least 26 people died in the worst violence since the former Soviet republic gained independence.
The European Bank for Reconstruction and Development (EBRD), the largest financial investor in Ukraine, said it had already scaled back its dealings with Kiev but had not suspended operations.
Ukraine has been gripped by renewed political turmoil since November, when President Viktor Yanukovich spurned a trade pact with the European Union and opted instead for closer economic ties with former Soviet master Russia.
The EIB's recent activities in Ukraine include the extension of a metro line, modernisation of air traffic control facilities and a 220 million euro ($302.52 million)credit line designed to finance small- and medium-scale projects....

The current Ukrainian leadership has discouraged interest in the country. There will be more emigration from the Ukraine.

Raiddeisen Bank Aval CEO Volodymyr Lavrenchuk said his personal contract is signed with the Ukrainian unit, meaning hw will keep managing the bank if changes ownership. 

22/01/2014 10:56
The FINANCIAL -- CEOof Raiffeisen Bank (click here) Aval VoVolodymyr Lavrenchuk, Chairman of Raiffeisen Bank Aval, won the first position in the rating of Ukrainian bankers as the most open top manager for communications with journalists and customers, according to Raiffeisen Bank Aval.... 

Since 1982, (click here) various positions in banking, including with Savings Bank of Ukraine, Ukrinbank and Raiffeisenbank Ukraine.... 

Volodymyr Lavrenchuk is the person to promote the ability of Ukraine to move forward as a growing economy. The country needs focus and stability, he would have the insight to provide that.

Feb. 21, 2014, 2:53 a.m.
Busines
by Ivan Verstyuk

Although Raiffeisen Bank (click here) has had success in Ukraine, the Austrian company still wants to unload its subsidiary in the nation and exit the market. Its 2013 net profit of $88.5 million and developed retail banking system are evidently not enough to convince the parent company to stay put.
The impending exit has dampened the mood of customers and investors alike whose pessimism only increased with the news of yet another Western bank leaving. Not surprisingly, foreign direct investments to Ukraine last year shrank to a paltry $2.9 billion, down 31 percent from the previous year.
Official confirmation of the move came on Feb. 10, when Raiffeisen Bank International chief executive officer Karl Sevelda told Austrian newspaper Die Press that the bank had selected a number of interested parties to conduct due diligence of its Ukrainian unit, which does business as Raiffeisen Bank Aval.
A key reason to sell relates to the European Central Bank’s financial health measures of raising capital requirements, meaning that Raiffeisen and others have had to keep more money at home. On top of that, the bank has to reimburse $2.4 billion to Austria’s central bank for the bailout package it received during the financial crisis of 2008-2009....
Yulia Tymoshenko - If there is one person who could calm the opposition, it’s Tymoshenko. European human rights groups have been pushing hard for her release since she was jailed in 2011. It’s not impossible to imagine that if she were freed, it would calm protestors.
As prime minister, Tymoshenko was a vocal advocate of increasing ties with the West and was a constant thorn in Russian President Vladimir Putin’s side. This led to gas pricing disputes in which Gazprom shut off the flow of natural gas through Ukraine, causing a series of energy crises in Europe.
Tymoshenko is loved by Europe, but she’s a divisive figure inside Ukraine. Beginning in 2005, she served as prime minister for five years and was a key part of the Orange Revolution, which brought democratic reforms to Ukraine. But she was always dogged by allegations of corruption in her energy business dealings; Yanukovych used these suspicions to defeat her in the 2010 president election, and then trumped up charges based on those decisions after it. She’s currently serving the second year of a seven-year sentence for embezzlement and tax fraud charges.
- See more at: http://www.thefiscaltimes.com/Articles/2014/02/20/One-Woman-Could-End-Violence-Ukraine#sthash.lja74Ik4.dpuf