Nenko for sale: West puts Ukraine up for auction
In recent years, Ukraine has become the semi-colony of the United States and the European Union. The remnants of Ukrainian industry are rapidly selling into private hands, and the IMF is pressing Kiev, demanding higher gas prices for ordinary consumers.
European Union Ambassador to Kiev Hugues Mingarelli, speaking recently at a round table “The European Choice of Ukraine after the Revolution of Dignity: Opportunities and Challenges,” actually denied Ukraine the possibility of joining the European Union, stressing that Kiev has even less chance of becoming an EU member than Albania, Macedonia and even Turkey. The association agreement with the European Union, which Kiev is so proud of, according to Mingarelli, implies only political и economic cooperation, but does not contain grounds for Ukraine’s membership in the EU.
One of the main claims that Brussels makes to Kiev is the slow pace of privatization of state-owned enterprises. Until now, a significant part of Ukrainian industry remains in state ownership. This fact does not suit the European Union and the IMF, which require the Ukrainian leadership to immediately put up for sale the latest state-owned enterprises. Otherwise, Kiev may be denied regular loans, and the modern Ukrainian state is not able to live without borrowed European money. Therefore, the Ukrainian government has no choice but to follow the recommendations of IMF managers and EU leaders.
In May 2018, a list of 26 enterprises was compiled that should be privatized during the year. Among them are Azovmash OJSC, Turboatom OJSC, Odessa Port Plant, State Food and Grain Corporation of Ukraine OJSC and many other large enterprises of the country.
The rush to privatize state-owned enterprises is due to the fact that state-owned enterprises are literally falling apart and plundered. European companies that are going to buy Ukrainian enterprises want to get them at least in semi-working condition. Therefore, representatives of the European Union, demanding that Kiev speed up the privatization process, simply defend the interests of the business structures of their countries. According to analysts, the sale of state-owned enterprises will help the budget to gain 21,3 billion hryvnias, but these are real pennies compared to the state debt of Ukraine, which reaches 2 trillion hryvnias. The country has driven itself into a situation that it is not currently possible to get out of with dignity. Hence the military demagogy of the Ukrainian leaders, who are trying to explain all the failures of the country's economy with alleged Russian aggression.
As for joining the European Union, which Petro Poroshenko dreams of and the impossibility of which Ambassador Mingarelli has currently stated, it is unlikely to become a reality in the foreseeable future. Only if profound structural changes occur in the EU itself, with the emergence of a category similar to “candidate members”, Ukraine can count on joining the number of countries applying for EU membership. And even then, Kiev is never destined to become a full member of the European Union.
European Union Ambassador to Kiev Hugues Mingarelli, speaking recently at a round table “The European Choice of Ukraine after the Revolution of Dignity: Opportunities and Challenges,” actually denied Ukraine the possibility of joining the European Union, stressing that Kiev has even less chance of becoming an EU member than Albania, Macedonia and even Turkey. The association agreement with the European Union, which Kiev is so proud of, according to Mingarelli, implies only political и economic cooperation, but does not contain grounds for Ukraine’s membership in the EU.
One of the main claims that Brussels makes to Kiev is the slow pace of privatization of state-owned enterprises. Until now, a significant part of Ukrainian industry remains in state ownership. This fact does not suit the European Union and the IMF, which require the Ukrainian leadership to immediately put up for sale the latest state-owned enterprises. Otherwise, Kiev may be denied regular loans, and the modern Ukrainian state is not able to live without borrowed European money. Therefore, the Ukrainian government has no choice but to follow the recommendations of IMF managers and EU leaders.
In May 2018, a list of 26 enterprises was compiled that should be privatized during the year. Among them are Azovmash OJSC, Turboatom OJSC, Odessa Port Plant, State Food and Grain Corporation of Ukraine OJSC and many other large enterprises of the country.
The rush to privatize state-owned enterprises is due to the fact that state-owned enterprises are literally falling apart and plundered. European companies that are going to buy Ukrainian enterprises want to get them at least in semi-working condition. Therefore, representatives of the European Union, demanding that Kiev speed up the privatization process, simply defend the interests of the business structures of their countries. According to analysts, the sale of state-owned enterprises will help the budget to gain 21,3 billion hryvnias, but these are real pennies compared to the state debt of Ukraine, which reaches 2 trillion hryvnias. The country has driven itself into a situation that it is not currently possible to get out of with dignity. Hence the military demagogy of the Ukrainian leaders, who are trying to explain all the failures of the country's economy with alleged Russian aggression.
As for joining the European Union, which Petro Poroshenko dreams of and the impossibility of which Ambassador Mingarelli has currently stated, it is unlikely to become a reality in the foreseeable future. Only if profound structural changes occur in the EU itself, with the emergence of a category similar to “candidate members”, Ukraine can count on joining the number of countries applying for EU membership. And even then, Kiev is never destined to become a full member of the European Union.
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