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War for Some, Profits for Poroshenko

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War for Some, Profits for Poroshenko
2/14/2015 4:36:21 PM

Over the course of the last year, while Ukraine bled and grew poor, Poroshenko's firm Roshen increased its profits by a factor of 9! This is complete nonsense. An economic miracle! It is hard to believe, but the confectionary firm Roshen which belongs to President Poroshenko increased its profits by a factor of 9, to 34.8 million hryvnya. At the same time Ukraine's economy is in pre-default state. The country's gold and hard currency reserves had shrunk to an absolute minimum, from 20 billion to 7 billion dollars. Hryvnya devalued sharply, from 8 to 20 hryvnya to a dollar (up to 30 on the inter-bank exchange). Salaries and pensions have been frozen, utility payments went way up. Everything is collapsing. Only the president's personal business is flourishing. Don't you think it's strange? The Ukrainian newspaper Vesti reported on this unusual business oasis in the midst of an impoverished country, using data of the National Securities Commission. In case anyone forgot, here's a little trip down memory lane: when Poroshenko assumed the office of the President, he publicly promised to sell off his entire business. So that nobody could blame him for lobbying on behalf of his own firm. But...of course he did not sell it. He lied. The Roshen Corporation is the jewel in the crown of Poroshenko's business empire. It is one of the biggest confectionary firms in Ukraine. It includes a factory in Kiev, Kremenchug, two in Vinnitsa, the Bershadmoloko dairy plant, a factory in Litino, a factory in Lipetsk (in Russia), and a factory in Klaipeda (Lithuania). The Roshen Corporation also owns a confectionary factory in Mariupol. Yes, the very same Mariupol which was almost captured by the Donbass militia in late August-September 2014. It was apparently the fear of it being captured that forced Poroshenko to conclude the first Minsk agreement with LPR and DPR. When the militia was once again close to capturing Mariupol in January 2015, the outskirts of the city (though of course not the Roshen factory) were hit by Grad rockets, killing people. Poroshenko, saving his own business, claimed that the atrocity was committed by the militia, which can only be stopped by new US and EU sanctions against Russia and the supplies of arms to Ukraine. In the end Poroshenko agreed to new negotiations in Minsk on February 11 (with the leaders of Russia, France, and Germany). Two days before the meeting he sent the SNBO chief Turchinov to Mariupol to try to push the front line away from the city. Turchinov reported that he recaptured 6 towns to the east and north of Mariupol. Poroshenko does not care about the Debaltsevo encirclement where 6-9 thousand Ukrainian soldiers are trapped. He is not saving them, he is not leading them out of the encirclement, he is not hurrying to help them. He only saves those cities where his factories are. How else can one explain the 9-fold increase in profits, if not through the president's interventions on behalf of his own business? Did Ukrainians suddenly start to buy 9 times more chocolates and candy from Poroshenko, so as to sweeten the bitterness of the war and economic catastrophe? Not likely. It means that the mysterious good fortune of Poroshenko's firm has a simple explanation-war for some, profits for others. J.Hawk's Comment: Roshen is not the only corporation that Poroshenko owns, though it is certainly the biggest one. He also owns TV Channel 5, which naturally provides the Ukrainian public with a "fair and balanced" news coverage... That someone like Poroshenko is considered a "friend" and "partner" of the West is only indicative of the moral bankruptcy of the West. http://fortruss.blogspot.fr/2015/02/normal-0-false-false-false-en-us-x-none_14.html

 

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