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Friday, June 29, 2007

Tymoshenko Calls Yanukovich on the Carpet

Julia Tymoshenko's blog reports that Kremlin shil Viktor Yanukovich is attempting to pilfer state assets:

Representatives of the political forces -- participants of so-called "coalition" and officials of Yanukovych government -- realize that afterthe conducting of the early elections in Ukraine their rule will step back into history. Just for this reason, having the feeling that their corruption charts are crashing, they frankly appropriate and sell out profitable objects of the Ukrainian economy.

Overwhelmed with an unrestrained desire for personal profit, officials of Yanukovych government are ready to sell all state enterprises together. After a successful transaction with "Luganskteplovoz," after which Office of public prosecutor brought a lawsuit, there was an attempt at selling "Ukrtelekom." In the case of aa sale of "Ukrtelekom" -- the monopolist in the field of electronic communication in the state -- unprotected segments of the Ukrainian population (disabled, war veterans, ordinary pensioners) would be deprived of the opportunity to use a telephone forever.

During the last months of its activity, the Cabinet does everything possible to appropriate the most attractive economic objects and concentrate them in the ownership of the closest comrades-in-arms, in particular those enterprises which provide light and warmth for the Ukrainian houses.

The bright evidence of this is the last decision of Yanukovych government, which allowed one of the biggest power companies in Ukraine "Dniproenergo" to isssue shares. As a result, the state share will drop down from 76% to 50%. In this case, share of companies which are controlled by the known bilionnaire Akhmetov actually gives control over "Dniproenergo" management. Akhmetov’s companies beforehand bought up 8,8% of "Dniproenergo" capital, which allows them to break any meetings of shareholders and depreciates team shares by 87%.

The plan of actual theft from the national property of "Dniproenergo" foresees buying up of this company debts before other persons for the amount of USD 200 million and further exchange of these debts for 26% of "Dniproenergo" capital within the additional issue of shares, to which only companies controlled by Akhmetov will be admitted.

Cynicism and impudence of Cabinet actions are reflected in the fact that market value of the company makes at least USD 1 billion 750 million; 26% makes USD 455 million. Thus, in case of successful conducting of this transaction, our state loses about USD 500 million, and also control over one of the main power companies of Ukraine. Except for that, small stockholders, mainly workers of this company, will be deprived of their rights for the part of the company profit.

According to BYUT infomration, it is planned that the only buyer of 26% of "Dniproenergo” will be "Donetsk Fuel Energy Company," which belongs to Renat Akhmetov.

In connection with this Yulia Tymoshenko bloc appeals to President of Ukraine Viktor Yushchenko with a requirement to stop immediately criminals who are selling out strategic economic objects of the state. We require to bring to trial the officials of Yanukovych government whose actions endanger power safety of Ukraine.


elmer said...

Yanukovych and friends are also raising government salaries and pensions slightly - just ahead of snap elections, in order to buy votes.

In the meantime, Russia is trying to muscle Ukraine via gas supplies and transit, and some former sovok republics, including Russia, are stifling the free media:

Anonymous said...

This is Hector,

I must say Yuliya Tymoshenko is not a bad looking chick. However, her position is truly a pathetic one. She appeals to Yushchenko, who fired her in 2005, and gave her job to his former rival Yanukovych. The two run Ukraine like Beavis & Butt-head, and all that's missing is their t-shirts saying "USA" and "Russia". Nevertheless, this is good analysis of capitalism's failure in Ukraine.