#Commentary of Marina Zheynova on Ukrainian ministers starting to get caught in lie
The Minister of Finance of Ukraine Alexander Danilyuk had recently said that the country was awaiting another tranche from the International Monetary Fund until the end of 2017. The Prime Minister Vladimir Groysman echoed claiming that the next tranche of financial assistance for Ukraine from the IMF of $1.9 billion would be postponed until the end of the year 2017.
The fifth tranche was scheduled to take place in June-July 2017, but the deadline was rescheduled to the autumn at least. Even the reasons were voiced alleging that the Verkhovna Rada had not been able to implement necessary reforms for the tranche before the beginning of summer holidays.
And, suddenly, it turns out that all this was made up in order to calm population down. It appears that the IMF will not give money to Kiev until the debt owed to the Fund and the holders of Ukrainian Eurobonds amounting to $2.7 billion is not repaid.
It is about an overdue sovereign debt owed to Russia. We remember that credit of $3 billion was granted to Ukraine in December 2013 through the retirement of Eurobonds. Ukraine, trying not to pay this debt, filed a lawsuit in the High Court of Justice and lost it.
The lie of Danilyuk relates not only to the issue of receipt, or rather non-receipt, of another tranche of the IMF. The IMF’s First Deputy Managing Director David Lipton, with whom Danilyuk met in the USA, stated that the pricing formula for gas would be the same and there would be no concessions. That is, the price of natural gas, which is exorbitant and because of which the production of certain products, such as fertilizer, stops in Ukraine, will continue to grow.
Not the lie of those who have power in Ukraine is surprising, but the miserable amount of time that they have given themselves until their lie exposes — in this case, it is about a few months before the end of the year. While Groysman promises an economic breakthrough in at least a few years, buying as much time as possible until they get caught in a lie.
It is time to create a a ranking of Ukrainian politicians whose lies are more impudent.
Marina Zheynova, the DPR People’s Council deputy