Poroshenko Dumped: US Empire Abandons Ukrainian Basket Case

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Courtesy: Paresh Nath

By Ann-Marie de Veer
Saturday 26 September 2015

On the 19 June 2015, the US Empire's puppet in Ukraine, Petro Poroshenko, sealed his own fate, and that of his increasingly incompetent and corrupt regime, when he sought official recognition by the Ukrainian Constitutional Court that former President Victor Yanukovych had been illegally stripped of his Presidential title:

I ask the court to acknowledge that the law on the removal of the Presidential title from Victor Yanukovych as unconstitutional.

It is common knowledge that Yanukovych was forced out of office on 22 February 2014, in yet another US Empire sponsored coup d'état, for failing to sign up to the EU Association Agreement in Vilnius, Lithuania on 29 November 2013. Yanukovych was subsequently stripped of his Presidential title by the Ukrainian parliament in contravention of the nations constitution later in February 2014.

The fact that Poroshenko was seeking to protect himself whilst delegitimising his own regime is telling: Poroshenko, one of many Ukrainian oligarchs whose financial and political rise was facilitated by the regulatory vacuum created by the dissolution of the Union of Soviet Socialist Republics (USSR) in 1991, was simply distancing himself from his own despotic rule. That his regime, known to be both fiscally incontinent and profoundly corrupt, have long since lost the confidence and support of the West is known, and Poroshenko's actions merely underscored that fact.

Poroshenko's demise began almost as soon as he was appointed in June 2014.

In the few short months leading up to the Ukrainian presidential election of 25 May 2014, Poroshenko made a litany of promises to the electorate that he has, thus far, failed to uphold. More importantly, for the people of Ukraine, is what he has done since his appointment in resolving the conflict in the southeast of the country where Russian Ukrainian's have been under a de facto siege for the past 18 months. Poroshenko, and his internecine regime, have made little or no attempt at fostering peace and stability in the region but are in fact responsible for the continuing civil war, primarily at the behest of the US Empire who is on a neo-colonial march to the East. That the Ukrainian regime has nothing to gain by implementing the September 2014 Minsk Protocol and its successor, the February 2015 Minsk II Protocol, is patently obvious: Poroshenko is as determined as the US Empire in seeking to prolong the civil war, not for territorial or geo-political reasons, but for the financial benefits he hopes to accrue from both the US and the European Union (EU).

However, the Obama regime in the US, and his predecessors, who pumped more than US$ 5 billion into the Ukrainian economy, into so called non-governmental organisations (NGO's), aka. democracy building institutions before the 2014 coup d'état, have yet to see a return on their investment. In fact, the US has committed another US$ 1.3 billion since the debacle began in February 2014 and has absolutely nothing to show for it, except for an entrenched civil war that is extremely unlikely to be resolved in their favour any time soon. Thus, the failure of the US Empire in securing yet another geo-political and strategic asset east of Europe, akin to its failed attempt in subsuming the Eurasian nation state of Georgia into its orbit of influence, has clearly vexed the Obama regime, and Poroshenko knows it.

Moreover, the Ukrainian economy has effectively been in a recession for the last 18 months as its manufacturing and industrial markets deteriorate in the wake of the ongoing conflict. Not only have there been a mass exodus of Russian Ukrainian's fleeing the country for safe havens in Belarus and Russia, and taking their skills and expertise with them, but the nation is also suffering from a massive relocation of its manufacturing and industrial base as the exiled workforce resurrects the industries they had left behind by restarting the enterprises in their new locations. The net effect of this has been a significant and prolonged reduction in the nation's GDP such that it is no longer able to pay its routine bills let alone service the foreign debt it has accrued: currently, Poroshenko is desperate to restructure a US$ 15 billion loan provided by various foreign creditors, including Russia, so that his regime will meet the conditions the International monetary Fund (IMF) have imposed in order to secure another US$ 17.5 billion loan.

That Proshenko's Ukraine has descended into a political and economic basket case is patently obvious. It is equally obvious that the US Empire, and the IMF, have slowly and inexorably come to the conclusion that his regime, and the authoritarian cabal he presides over, will never deliver on its promises and is simply there for the ride, as long as it lasts.

Just how long Poroshenko can enjoy the ride is unknown, but he knows his days are numbered for sure.

A fool and his money are soon parted.
Thomas Tusser (Abridged from his poem: Five Hundreth Pointes of Good Husbandrie, 1573)