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Wednesday, February 11, 2009

Watch More of the Yushchenko-Tymoshenko Duel

Enjoy a few more moments from the Tuesday meeting of the RNBO (Rada natsionalnoyi bezpeky i oborony, or National Security and Defense Council).

President Yushchenko: First, the gas price is raised unjustifiably high, then validol is administered: must be hard on you, eh? We’re giving you a boundless loan so that you can pay for what you can’t cover. Then, this loan must be repaid. The budget will not repay this money. It’s understood. The National Bank of Ukraine will say that it has a reserve limit below which it will not go. There’s only one way to service the debt of national state monopoly NAK Naftogaz: its bankruptcy...a bankruptcy with all the assets to be sold toward the settlement of the loan.

PM Tymoshenko: In fact, an attempt was made today — and it’s in progress now — to break all the direct agreements between NAK Naftogaz and Gazprom and to revert to the corrupt shadowy intermediaries RosUkrEnergo. Just in case, I want to tell you that the 11 billion cubic meters of [technological] gas that state enterprise NAK Naftogaz and the entire Ukraine obtained at a discount price of $159.3 — they now want, via an RNBO resolution, to return it to RosUkrEnergo, a private entity, from which they plan to make a profit of at least 4 billion dollars.

Interestingly, the RNBO website does not offer an English version (not even a crappy one) and yet boasts a highly creative English-language URL:

At least, the penny-wise and dollar-stupid leprechauns in the government drop some hints as to the whereabouts of the proverbial pot of gold.

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