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In 2012, The State Food and Grain Corporation and the Export-Import Bank of China agreed to provide Ukrainian corporation loan of $ 3 billion, which was planned to be on the spot and forward purchases of grain for future delivery to China.
Minister of Agrarian Policy and Food of Ukraine Igor Schweich confirmed that China has filed a lawsuit against Ukraine in a London court for the return of a loan of $3 billion.
[ Ukraine says: *HET* (Nyet) ]
The Ukraine minister disagrees with China's case:
"filed false information that there are no claims to us from China. According to the contract have different interpretations, different interpretations, which led to the treatment of the Chinese side in court Gaft who works in London. Registered dispute between the parties exists," - said Minister told reporters.
It's a drop in the ocean,compared to what the E.U and IMF are going to tear from their carcase.
reply to post by xuenchen
I wonder if they've considered offering the Crimean Peninsula in exchange?
PS - I am not communist or liberal.
Just wait until South America starts coming into play and motion. Then things get wild for connections.
If you were Russia, and you wern't exactly sure about where your neighbours loyalties lay..would you want them ownig 3,000,000 hectares on the otherside of the country....
So maybe they're no taking sides, just thinking about the long term..
Away from the conflict in Ukraine, Russian President Vladimir Putin is quietly seeking a foothold in Latin America, military officials warn.
To the alarm of lawmakers and Pentagon officials, Putin has begun sending navy ships and long-range bombers to the region for the first time in years.
Russia’s defense minister says the country is planning bases in Cuba, Venezuela, and Nicaragua, and just last week, Putin’s national security team met to discuss increasing military ties in the region.
“They’re on the march,” Sen. Joe Donnelly (D-Ind.) said at a Senate hearing earlier this month. “They’re working the scenes where we can’t work. And they’re doing a pretty good job.”
Gen. James Kelly, commander of U.S. Southern Command said there has been a “noticeable uptick in Russian power projection and security force personnel” in Latin America.
“It has been over three decades since we last saw this type of high-profile Russian military presence,” Kelly said at the March 13 hearing.
The U.S. military says it has been forced to cut back on its engagement with military and government officials in Latin America due to budget cuts. Kelly said the U.S. military had to cancel more than 200 effective engagement activities and multi-lateral exercises in Latin America last year.
With the American presence waning, officials say rivals such as Russia, China and Iran are quickly filling the void.
Iran has opened up 11 additional embassies and 33 cultural centers in Latin America while supporting the "operational presence" of militant group Lebanese Hezbollah in the region.
In early 2013, China provided a loan of USD 1.5 billion to Ukraine, which the State Food and Grain Corporation of Ukraine (SFGCU) was to use to purchase grain for export to China. "...In violation of the agreement, grain worth only USD 153 million was sold to China," the statement said.
At the same time, according to Moskal, the SFGCU bypassed the agreement with China by using the Chinese money to supply grain to Ethiopia (worth USD 28 million), Monaco (USD 14 million), Saudi Arabia (USD 7 million), Iran (USD 24 million), Kenya (USD 11 million), the Philippines (USD 1.5 million), Switzerland (USD 61.9 million), Egypt (USD 26.3 million), and Syrian rebels (USD 325 million).
The deal, which was signed in 2010 in Kharkov, extended permission to Russia to keep the Black Sea fleet at its base in Sevastopol for 25 years after 2017, when the current agreement was due to expire. In exchange Moscow offered Ukraine incentives, including a discount on the price of gas and a waiver for some payments to Russia.
“We started doing this [not requiring the payments from Ukraine – RT] immediately, even though the remaining time for hosting the base under the older document was quite long,” Medvedev pointed out. “So Ukraine in fact saved about $11 billion in unpaid payments while the budget of the Russian Federation sustained damages for the same amount.”