IMF Imposes Radical Energy Cost Increases on Ukraine

By now it should be clear that virtually all markets including energy are completely manipulated.   It seems the IMF simply wants to impoverish the ukrainian people for the purpose of social control.  And what does the IMF offer in return?  Coupons to allow ukraine to trade with other countries enslaved to the same system.  Is this a scam or what?

Ukraine has agreed to increase the cost of gas to consumer by 280 percent, and 66 percent for heating, as part of the IMF terms for getting extra financial aid, says Valery Gontareva the head of the National Bank of Ukraine.

“From now on, in accordance with our joint program with the IMF, the tariffs will see rather a sharp increase of 280 percent for gas and about 66 percent for heat,” said Gontareva Wednesday during the 11th Dragon Capital investment conference in Kiev. She added that as a result inflation will be 25-26 percent by the end of 2015.

The tariff rises are part of the amendments to the 2015 budget the government has had to introduce in order to receive an $8.5 billion loan from the IMF by the end of the year.

The changes will also see Ukraine’s budget deficit growing to 4.1 percent of GDP and forecasts a 5.5 percent decline in the Ukrainian economy.

Prime Minister Arseny Yatsenyuk had warned of future price rises for gas and heating, and stressed the IMF saved Ukraine from default, and now it’s time to make moves which should eventually result in Ukraine’s complete independence from Russian gas. …

http://rt.com/business/233427-ukraine-boosts-gas-price/

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.