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FX.co ★ China says ‘enough’ to Ukraine

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Forex Humor:::2013-12-10T05:07:00

China says ‘enough’ to Ukraine

The People’s Republic of China arrived at decision to review its financial relationship with Ukraine by putting the aid allocation on hold. The Foreign Ministry spokesman Hong Lei did not give a direct response at a daily news briefing. However, the fact that China is not going to help Ukraine anymore was given to understand. The bad news leaked out at the height of large-scale political crisis in this post-Soviet country. Despite the revolts taking place in Kiev, President Viktor Yanukovich did not cancel its official visit to China. That proves one more time this money is vital to Ukraine. Some analysts has no doubt such a step made by the head of the state is rather reckless, especially bearing in mind the current tense situation. The other ones think Yanukivich is intending to show that Russia and the European Union are not the only two economic partners of Kiev. Nevertheless, China made a noncommittal response. "So during this visit, leaders from both sides will exchange comprehensive views on subjects of mutual interests," Hong Lei noted avoiding the money issue. Perhaps, the politicians may come back to the negotiations on this matter, but Victor Yanukovich is sightseeing for now. He has already visited the museum of the legendary Terracotta Army of the China’s first emperor Qin Shi Huang. Besides, Ukraine’s president met the governor of Shaanxi province. It is worthy of note that China allocated $3 billion to the Ukrainian agriculture and $3.7 billion to the country’s energy development last year. Moreover, one of the Chinese banks distributed $3 billion to modernize the irrigation systems of Ukraine.

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