Here are summaries (translated by me into English) of the latest news-reports on Ukraine, in Deutsche Wirtschafts Nachrichten, or German Economic News. (Click on the following link to see each of these news reports in full. If you use the Chrome browser, it will automatically translate everything into English.)
ALL ARTICLES ABOUT UKRAINE [past 24 hours]
Bank crash in Ukraine: Delta-Bank reports bankruptcy
The Ukrainian Delta Bank was declared insolvent, by the monetary authorities in Kiev. The fourth largest bank in the country will be gone from the corporate loan market because of repayment failures by its borrowers.
German Economic News | 03.03.15, 18:25
Ukrainian oligarchs gain access to European taxpayers’ money
In the course of rapprochement with the EU, three powerful oligarchs are hiring former EU politicians and SPD grandees. The oligarchs want to control reconstruction of the Ukraine – though they are notorious in Ukraine. For oligarchs to control politics and economics is above any political accountability. It should now be called simply doling out European taxpayers’ money, because that’s what it is.
German Economic News | 03.03.15, 18:10
Ukrainian oligarchs give Europe’s ex-politicians jobs
Three Ukrainian oligarchs have enlisted prominent former EU politicians, in their “agency for the modernization of Ukraine”: ministers, commissioners and lobbyists. The oligarchs help to generate new business. Among them are the SPD politician Peer Steinbrück and Günter Verheugen.
German Economic News | 03.03.15, 18:06 | 4 comments
Ukrainian central bank raises interest rates to 30 percent
The Ukrainian central bank raised its key interest rate by 10.5 percentage points, to stabilize the money market. The country has no access to international financial markets. The central bank chief warns against the negative consequences of the “panic in the foreign exchange market.”
German Economic News | 03.03.15, 15:01 | 7 comments
US sends Parachute Battalion into Ukraine
The US is sending a battalion of paratroopers into the Ukraine. The soldiers will first develop Ukrainian artillery units. Later, the Americans could train Ukrainians in the use of US weapons. Russia had announced several months ago to classify the deployment of US soldiers or weapons in Ukraine as a provocation.
German Economic News | 03.03.15, 13:40 | 39 comments
Ukraine: Merkel and Putin see progress on ceasefire
Russia, Germany, France and the Ukraine agree to ease the situation in the Donbass. The Minsk Agreement should now be implemented quickly.
German Economic News | 03.03.15, 00:26 | 11 comments
Against Putin, Kasparov expects violent uprising in Russia
Living in US political exile, a companion of the murdered opposition politician Boris Nemtsov said that a peaceful change in Russia is not possible. He expects a violent mass uprising against the “brutal dictatorship of Putin”. The sooner “Putin is gone, the greater are the chances that chaos can be avoided.” The German federal government intensifies the tone against Putin — although they still avoid directly blaming Putin for the murder.
German Economic News | 03.03.15, 10:08 | 75 comments
Against Russia: Germany delivers battle tanks to Poland
NATO’s new threat against Russia means that Germany will supply battle tanks to Poland and at the same time increase its own troops. The US requests that all NATO countries invest two percent of GDP in weapons. The UK snubbed this rule, must reduce deficit-spending.
German Economic News | 03.03.15, 08:56 | 80 comments
Despite EU sanctions: RWE Dea sold to Russian investor
The energy group RWE Dea sold its gas subsidiary for approximately 5.1 billion euros to Russian investors. The deal comes despite the official opposition of the British Government. Apparently, money talks, even after sanctions.
German Economic News | 03.02.15, 14:34 | 6 comments
Russia Rubles recovery in February was surprisingly strong
In February, the ruble gained momentum after the dramatic crash last year. Rising oil prices and the negotiations of Minsk brought the ruble good performance in February, despite the sanctions and the tougher tone in a new Cold War.
German Economic News | 03/02/15 10:10 | 8 comments
Ukraine’s Steel industry without exports to Russia is in free fall
By corruption, mismanagement and war, Ukraine is bankrupt though one of the world’s most resource-rich countries. The iron and steel industry of Ukraine, which is the industry that builds on these raw materials, is in free fall. The plunge in world prices accelerated this development. The Kiev government has done nothing to counter it.
German Economic News | 03.02.15, 11:33 am | 13 comments
Ukraine, Lithuania and Poland establish UN intervention force
Ukrainian President Petro Poroshenko has ratified a law establishing a common military force with Poland and Lithuania. It will participate in UN missions.The Ukraine has for some time, pursued switching to NATO standards — a development that Russia considers a provocation.
German Economic News | 03.02.15, 01:00 | 12 comments
US Senator McCain: No matter who shot Nemtsov, Vladimir Putin is to blame
US Senator John McCain has assigned to Putin the blame for the murder of Boris Nemtsov. But his statement remains remarkably vague. Apparently McCain, one of the most prominent opponents of Russia, wants to make political capital out of a crime that could just as well turn out as a private criminal case.
German Economic News | 03.02.15, 01:48 | 36 comments
Against the USA: China supports Russia in Ukraine crisis
China has clearly for the first time come down on the Russian side in Ukraine Crisis: The West must accept Moscow’s legitimate security concerns seriously. The dispute over the Ukraine could otherwise turn into a pointless proxy war. The Americans must take note that their influence is disappearing in international politics.
German Economic News | 03.03.15, 17:07 | 96 comments
Investigative historian Eric Zuesse is the author, most recently, of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.