The Washington-orchestrated destruction of everything of possible value in Ukraine continues with a vengeance. On top of the deliberate ethnic cleansing of Russian-speaking citizens of the Donbass in eastern Ukraine by the psychopaths in Kiev, now the brutal dictates of the US-led International Monetary Fund (IMF) is forcing one of the world’s most precious agriculture regions into the hands of Monsanto and western agribusiness.
It is useful to recall that the ostensible trigger for the months’-long Maidan Square opposition protests against the Yanukovich government that began in November 2013 was the decision by Yanukovich to reject an EU Association Agreement. That EU agreement was tied to a $17 billion loan from the International Monetary Fund (IMF). Instead of the EU and IMF deal, Yanukovich choose a Russian aid package worth $15 billion plus a 33% discount on Russian natural gas and Ukrainian membership in the emerging Eurasian Economic Union with Russia, Kazakhstan and Belarus.
The stakes for Ukraine were far more that an apparent couple of billion dollars difference, however. Here the details of the IMF loan “conditionalities” are vital to understand why Yanukovich rightly said no. When allegedly NATO-trained snipers opened fire on Maidan Square peaceful protesters as well as state police, killing many, the ensuing panic led to the flight of Yanukovich and installation of the exact government the US State Department Assistant Secretary for Eastern Europe, Victoria “Fuck the EU” Nuland told her Kiev US Ambassador she wanted. The key Prime Minister post, as she demanded, went to a former finance minister friendly to the US and the IMF, Arseny Yatsenyuk, whom she affectionately referred to as “Yats.”
Within a week after Yatsenyuk took over, the IMF sent a rush mission to Kiev to confirm if the new government was ready to go with the IMF conditions of the $17 billion loan. The answer was a resounding Yes! IMF European Department Director Reza Moghadam declared at the end of this visit that he was “positively impressed with the authorities’ determination, sense of responsibility and commitment to an agenda of economic reform and transparency.”
On May 22, the American President of the World Bank in Washington, Jim Yong Kim, announced a $3.5 billion Ukraine aid package. Jim Yong Kim praised the Yatsenyuk government for its “comprehensive program of reforms, which they are committed to undertake with support from the World Bank Group.” [i]
Raping Ukraine Agriculture
The IMF major focus is on “opening up” Ukraine’s agriculture riches to takeover by US and EU agribusiness giants, above all, Monsanto and DuPont, the world’s largest purveyors of GMO seeds.
On May 27, 2014, the New York Times revealed the truth about the “generous” IMF credit. True to the saying, “There’s no such thing as a free lunch” Ukraine has to pay and pay dearly. The New York Times revealed that “Western interests
are pressing for change; big multinationals have expressed tentative interest in Ukrainian agriculture.” The Times further revealed how the reforms of the Ukrainian economy and particularly of its agricultural sector that were tied to
the $17 billion IMF deal sought to “bolster the confidence of foreign investors” by addressing the Ukrainian agricultural sector’s “red tape and inefficiencies.” …