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US-Ukraine loan ‘final rape and plunder by the West’

William Engdahl is an award-winning geopolitical analyst and strategic risk consultant whose internationally best-selling books have been translated into thirteen foreign languages.

Published time: April 02, 2014 19:25
Woman is surrounded by Ukraine and US flags during protest in Lafayette Square in Washington (Reuters / Gary Cameron)

The law approved by Congress to grant a one billion dollar loan to Ukraine is only a loan guarantee and will not even dent Ukraine’s huge debts, 25 billion of which must be paid this year, William Engdahl, a geopolitical analyst, told RT.

The bill will also give more power to American NGO’s to promote democracy in Ukraine, many of the same NGOs that helped create the current instability in Kiev. This is the last thing Ukraine needs at the moment, says Engdahl.

RT: Washington is offering Ukraine a one billion dollar loan. Is it a good deal for Ukraine?

William Engdahl: If you look at the details of what they’re offering, they’re not offering a loan of even one billion dollars. They are offering a loan guarantee and the cost of that loan guarantee is that Ukraine submits to IMF austerity like Greece did, and that will simply open up their economy to the final rape and plunder from the West.

But the other point about this is that the debt of Ukraine that comes due this year is a staggering amount. I believe it is some 25 billion dollars that has to be rolled over. And a one billion dollar loan guarantee… it’s hard to know who is more stupid in this piece of legislation: the United States congressmen, who voted for this, or the non-elected government of Ukraine, if they accept this – because it is simply a no brainer on all sides.

RT: Also the bill gives more power to America’s co-called “democracy promoting” NGOs. Are these the same NGOs that reportedly helped topple the democratically elected government there in Ukraine a few weeks ago?

WE: Of course, they are. They are the National Endowment for Democracy (NED), Freedom House, no doubt, the Open Society Foundations of George Soros, who always seems to be paired up with these organizations. John McCain is the chairman of the NED’s International Republican Institute.He has been on the front row of every regime stabilization in recent years. So these are not democracy promoting NGOs, these are coup d’état NGOs, who are doing what the CIA used to do, only through private agencies that are backed up by the US government.

This is not anything good for Ukraine. Ukraine doesn’t need this nonsense. It’s interference in the domestic affairs of a sovereign country. But since when has Washington or at least the Congress been concerned about that?

RT: So, if they are not going to promote democracy, how exactly are their NGOs going to influence political life in Ukraine?

WE: Well, as you pointed out, the NGOs prepared the way for the last several years, well before the decision not to join the EU confederation agreement taken by Viktor Yanukovich’s government last November. They had been preparing to oust the Moscow-leaning Yanukovich, a fairly elected presidentof Ukraine, and create the incident using canvas operatives from Belgrade financed by US taxpayers money, to train activists assembled in Maidan Square and create the movement that shapes exactly what the government will or will not be able to do.

And to do more of that for Ukraine… I think Ukraine needs a little break from all of this.

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.

Comments (20)


Mark 21.05.2014 07:24

Don't let IMF and the Soros gang put their hands on the Ukraine! Look what has happened to the EU!


Emmett 14.05.2014 23:28

james greer 07.04.2014 04:24

The EU will take Ukraine to the cleaners,


They already took Ukraine to the cleaners by absconding with Ukraine's gold. The rape and pillage is just starting and by the time the US/EU get through Ukraine will be bone dry.


RockyRacoon 14.05.2014 13:06

And Moscow had a better deal for Ukraine which is why Yanacovich didnt' sign up with the EU don't forget that very important deal. So they took Ukraine by force with their paid mercenaries and NEO NAZI psychotics that worship fascists along with Hitler who committed atrocities during WW2. We call the vets who fought in that war the Greatest Generation. Where is the outrage? Where are the protests? When will American's bring this criminal government to it's knees and clean house. War Crimes Financial Crimes, Corruption from top to bottom and Americans pay 68cents on every tax dollar to the MIC and they want more!

View all comments (20)
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