Olduvaiblog: Musings on the coming collapse

Home » Posts tagged 'Victor Yanukovych'

Tag Archives: Victor Yanukovych

Ukraine Stocks Plunge To 18-Month Lows As Ex-President Warns Of Imminent “Civil War” | Zero Hedge

Ukraine Stocks Plunge To 18-Month Lows As Ex-President Warns Of Imminent “Civil War” | Zero Hedge.

Following discussions with Merkel, demands to de-escalate tensions from Barrose, and threats of sanctions from President Obama. Ukraine’s President Yanukovych has gone on sick leave from “immense pshcological pressure.” Despite his exclamations that he’ll do everything for the sake of peace, he blames the opposition for “escalating the situation,” which fits, rather ominously with warnings from former presdent Leonid Kravchuk. As The BBC reportsUkraine’s first post-independence president warned the country is on the “brink of civil war”. While the Hyrvnia is not collapsing as much as it was (always the silver lining), money is running away from Ukraine stocks (at 18-month lows), bond term structure is inverted, and CDS are spiking back to recent highs over 1000bps.

The headlines suggest things are getting worse:

  • Ukraine’s Yanukovych Out Sick After Protesters Reject Amnesty
  • *UKRAINE’S YANUKOVYCH SAYS OPPOSITION ESCALATING SITUATION
  • *UKRAINE PRESIDENT SAYS GOVT HAS FULFILLED OBLIGATIONS: IFX
  • *UKRAINE PARLIAMENT FULFILLED CONDITIONS ON AMNESTY: YANUKOVYCH
  • *AUTHORITIES HAVE MET ALL OBLIGATIONS TO OPPOSITION: YANUKOVYCH

Global politicians are responding…

  • *OBAMA PREPARES SANCTIONS AGAINST UKRAINE: REUTERS
  • *EU’S BARROSO SAYS NEED TO DE-ESCALATE TENSION IN UKRAINE
  • *TUSK SAYS NO UKRAINE GOVT CAN COUNT ON EU DEAL IF USES VIOLENCE

Ukraine Stocks are tumbling…

And “civil war” is coming

Via The BBC,

Ukraine’s first post-independence president has warned the country is on the “brink of civil war”.

Leonid Kravchuk, president from 1991 to 1994, urged parliament to “act with the greatest responsibility” as it debates an amnesty for detained protesters.

Mr Kravchuk told MPs: “All the world acknowledges and Ukraine acknowledges that the state is on the brink of civil war.

It is a revolution. It is a dramatic situation in which we must act with the greatest responsibility,” he said in an emotional address that earned him a standing ovation.

Images  suggest this is far from over…

Ukraine adopts tough anti-protest laws – Europe – Al Jazeera English

Ukraine adopts tough anti-protest laws – Europe – Al Jazeera English.

The decision in parliament, taken suddenly by a show of hands, caught the opposition off-guard [EPA]
Ukraine’s parliament has passed a new set of legislation in an apparent bid to suppress protests against President Viktor Yanukovych.

The laws, backed by 235 out of 450 lawmakers on Thursday, made blockading public buildings punishable by up to five years in prison and protesters wearing masks or helmets will face a fine or an administrative arrest.

The legislation also simplified a procedure to prosecute lawmakers.

Dissemination of slander on the Internet was also banned and would be punishable by a fine or corrective labour of up to one year.

People and organisations who provided facilities or equipment for unauthorised meetings would be liable to a fine of up $1,275 or by detention of up to 10 days.

The sweeping legislation caused an outcry among opposition leaders who fear that the government would use the new legislation to prosecute them and break up the protest movement.

“The regime of Viktor Yanukovych and the Regions Party have completely destroyed state power in Ukraine,” said Arseniy Yatsenyuk, leader of Batkivshchyna (Fatherland) party.

“This is nothing else but an overthrow of the constitutional system and a power grab in Ukraine.”

Last month, hundreds of thousands took to the streets in the capital, Kiev, and western Ukraine after Yanukovych decided to scrap key political and trade agreements with the EU.

The protests have since dwindled but the opposition maintains a protest camp on Kiev’s central Independence Square known locally as the Maidan.

Opposition politicians regularly use a stage in the square to broadcast messages of support to the protesters and the law, assuming it is signed into force by Yanukovich, would clearly make such action illegal.

The decision in parliament, taken suddenly by a show of hands which caught the opposition off-guard, followed a court ban on protests in Kiev, boosting opposition fears of an imminent police crackdown.

%d bloggers like this: