While most Americans are completely unaware of the fact that Ukraine is not only facing its worst financial crisis since its official inception, but Sunday's election is being sold to its citizens as their only chance at fixing this crisis.  Likewise, Americans are most likely oblivious to the fact that the current government is a puppet government installed by the USA.  Unfortunately for the USA, and much more so for Ukraine, the puppet in charge was so inept that America could do... Full Story

Ukraine is blessed with one outcome of the latest elections: Ukraine's President Viktor Yushchenko is history and I hope they keep him buried there!Former PM Viktor Yanukovych led current PM Yulia Tymoshenko by some 36% to 25%. With Yushchenko less than 5%. So that looks like on February 2nd that a run off between Viktor Yanukovych and Yulia Tymoshenko will happen.Yulia will according to news sources gather more votes due to all the others being voted out and could very well take the next... Full Story

“Ukraine’s Naftogaz cannot pay for Russian gas” – president - RT Top Stories: "Ukraine’s president has said that the country’s gas giant Naftogaz has no money to pay for Russia’s natural gas delivered in December. The sum of the payment comes to $892 million. Viktor Yushchenko has asked Vladimir Stelmakh, the head of the Ukraine’s national bank (Natsbank), to help solve the problem with paying for the Russian gas. “Due to a critical... Full Story

Kiev, Ukraine LA Times -  International auditors will probe the actions of Ukraine's central bank during the ongoing financial crisis in an effort to counter accusations of mismanagement and corruption at the bank, a bank official said Wednesday. Premier Yulia Tymoshenko has accused National Bank chief Volodymyr Stelmakh of conducting murky currency and lending procedures and auctions that caused the Ukrainian currency, the hryvna, to collapse.  She alleged the financial regulator was selling... Full Story

Kiev, Ukraine As reported earlier, many in Ukraine's political elite believe that Kiev's Mayor, Leonid Chernovetskiy, is mentally unstable.  It seems that he took these offenses rather personally, and has done a remarkable job at proving to his electorate that he is not only sane, but physically fit as well.  The Russia Today video below has more. Before we view it, however, I would like to add one small comment.  Towards the end of the video the reporters hint at the fact that Ukraine's... Full Story

Odessa, Ukraine As had been reported earlier numerous times, Ukraine is greatly suffering during this financial crisis.  The Hrivna is collapsing, the people's support for President Viktor Yushchenko has dropped from 4% to 1.5%, protests gripping are the country and a great deal more.  A normal government, such as the USA and most European governments, do what they can to appease the people.  They listen to the people's complaints, often in the form of protests, and try to accommodate their... Full Story

Kiev, Ukraine There were some doubts about Ukraine's ability to pay off her $350 Million debt to Russia's Gazprom for Februaries Natural Gas consumption.  Much of the doubts arise because the citizens have lost respect for their government.  Protests are gripping the country, and many expect the country to go into default. Miraculously, Ukraine managed to pay off 80% of its debt early.    On a similar note, Ukraine's SBU (similar to FBI) raided Nafta Gas... Full Story

Kiev, Ukraine The New York Times has a good article on the current situation in Ukraine.  As most Western press, NY Times avoids the sensitive issues, and doesn't tell the whole story.  It is important to maintain propaganda for West and against Russia. As I have already mentioned, most Ukrainians want Viktor Yushchenko, along with all the government, to resign.  The NY Times claims 57 Percent of Ukrainians agree.  When questioned who is to blame for Ukraine's woes, a 78 year old man... Full Story

Kiev, Ukraine Generally when a president and prime minister decide to hold talks it isn't considered news, but in Ukraine it is considered Breaking News.  With the Financial Crisis ravaging Ukraine, the two power elites, who have been in a constant struggle to hold supreme power in Ukraine, have decided to hold talks. The talks are not about Viktor Yushchenko's resignation, or either of their admittance to corruption in the Gas crisis.  This meeting is being held because the IMF and World Bank... Full Story

Kiev, Ukraine RussiaToday has written a good article about Leonid Kravchuk's comments to Viktor Yushchenko.  Leonid Kravchuk was Ukraine's first president.  His tactics of corruption and violence are well known, leading to his resignation in 1994, but even Leonid is shocked at what he sees in Yushchenko. Leonid claims that Yushchenko will never be able to fix Ukraine because he is the one who ruined it.  By repeatedly dismantling the government, Yushchenko has created a situation in... Full Story