George Soros and the New Ukraine

Posted by Cameron on January 25, 2016 in Economic Analysis |

There is a lot of conflict surrounding the EU crisis. One issue that is at the center of it all is the Ukraine. There is a new Ukraine that is about to emerge that is more humane and meant to serve people. However, Vladimir Putin is working very hard to prevent that from occurring. There are sanctions being put forth on Russia which is had led to Russia’s eventual ban on the Open Society Foundations. George Soros himself believes that there should be something done on account of the Ukraine in order to allow this new deal to emerge and bring about equality to people.

George Soros has made a visit to the Ukraine in April of the previous year. During his visit, he was troubled at the contradiction that he found on Fortune.com of the reality of the situation at Ukraine. This was coupled with the enthusiasm of the new Ukraine that is trying to emerge and change things amidst all of the political, military and economic pressure. However, it is still managing to move ahead with its initiative. It just needs a little assistance on its side to counteract all of the opposition it is facing from certain entities, particularly Russian leader Putin.

The reform of Ukraine was in the planning stage. The planning stage was complete around 2015 and it put into effect some laws being passed which included the Minsk agreement. This was a blow against the entities in power that were using their position as a means to manipulate instead of serve. However, they had a lot of experience when it came to defending themselves which made it possible for them to fight off the reformers. Meanwhile, the economy was getting ready to collapse and there was a lot of tension in the political arena. One challenge that the government had to face was from a very powerful oligarch named Igor Kolomoisky.

Kolomoisky was using his military in order to maintain his power. Fortunately, the government resisted him and were successful in taking power away from him. From that point on, things have began to change. For one thing, the economy was also having a reform in the banking system. The central bank has been strictly applying policies to its system. There is going to be a need for time for the banks to be recapitalized. At the same time, there are new oligarchs that are being considered for the job. Among the people that are being considered Rinat Akhmetov and Dmytro Firtash.

This has proven to be a small victory for the government. However, there are certain problems that have added intensity to the problems in the Ukraine. For one thing, Chancellor Angela Merkel has not been totally helpful. While she has stood up to Putin, she did not give much effort in order to support and help the Ukraine. There are certain other actions that she has done which has turned a few people in her party against her. She is making huge sacrifices in order to help out people in need.

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