Ukraine Shocks Population With Staggered 100% Heating Price Increase While Restricting Cash Use

Zero Hedge ^ | 3-28-14 | Yatsenyuk

[dynachrome]

Yatsenyuk addressed the nation in a TV appearance:

•*UKRAINE TO RAISE GAS, HEATING PRICES GRADUALLY, PREMIER SAYS •*UKRAINE TO RAISE HEATING PRICES 40% THIS YEAR, 40% NEXT YEAR •*UKRAINE TO RAISE HEATING PRICES 20% IN 2016 AND 20% IN 2017 So a 182% increase by 2017

•*YATSENYUK SAYS PRICE INCREASE WILL BRING IT TO MARKET LEVELS •*UKRAINE HOUSEHOLDS PAY $84 PER 1,000 CUBIC METERS GAS:YATSENYUK •*IMPORTED RUSSIAN GAS WILL BE ABOUT $500: YATSENYUK •*HOUSEHOLD RATE INCREASE IS `ONLY RIGHT DECISION:' YATSENYUK And then, via The Ukraine Central Bank, they implement tougher capital controls:

•*UKRAINE CENTRAL BANK SETS LIMITS ON FOREIGN CURRENCY PURCHASES •*UKRAINE CENTRAL BANK LIMIT PURCHASES 15,000 HRYVNIA PER PERSON PER DAY ($1300) •*UKRAINE CENTRAL BANK LIMIT PURCHASES 150,000 HRYVNIA PER PERSON PER MONTH ($13,000) •*UKRAINE CENTRAL BANK SAYS ON WEBSITE LIMITS TAKE EFFECT TODAY •*UKRAINE CENTRAL BANK SAYS FX RESTRICTIONS TO REMAIN UNTIL MAY 1

[dynachrome]

No direct link, please move to general/chat if needed,moderators.

[dynachrome]

Or at least, no direct link in English.

[Navy Patriot]

No problem Ukes will gladly pay that so American Homos can poke Putin in the eye.

[Viennacon]

Is this reliable? That neo-Nazi militia is going to overthrow the government in a heartbeat if this occurs. Are they trying to tie their own noose?

[formosa]

This may move Ukranians to simply surrender to the Russians. They will not like all of this austerity from a puppet government.

[Mariner]

"UKRAINE HOUSEHOLDS PAY $84 PER 1,000 CUBIC METERS GAS"

That's some very, very cheap gas right there, I don't care who you are.

If I could buy it for that I would be a very rich man.

[Sacajaweau]

http://www.fas.org/sgp/crs/misc/RS22562.pdf

[dynachrome]

heh. The top 6 countries in that chart won’t do squat about Putin. Maybe Putin can annex Greece. They probably owe Russia most of their country by now.

[KarlInOhio]

$84/1000 cubic meters is $0.2378 per hundred cubic feet, which is about half of what I pay and a whole lot less than the rest of Europe pays. (assuming the standard delivery pressure is the same in the US as in Ukraine)

[dynachrome]

Russia subsidised the cost to Ukraine. Now that will end.

[dynachrome]

discounted gas:

http://www.cbc.ca/news/business/ukraine-russia-cuts-off-cheap-gas-u-s-arrives-with-aid-1.2559449

“Concerns over Ukraine’s financial condition — whose treasury account is, by its own admission, almost empty — rose after Russian state gas company Gazprom said it would cancel a substantial discount on natural gas granted in December. President Vladimir Putin, meanwhile, noted Ukraine still owes some $2 billion for gas.’

[HiTech RedNeck]

Doesn’t matter to you does it that you stole Crimea does it Pooty?

Maybe the EU needs to learn to frack.

[HiTech RedNeck]

Would we miss Greece? OK that’s a little callous. But just sayin’.

[MSF BU]

Time to learn the value of heating with wood and coal. Message to Ukraine: Jotul.

[mac_truck]

The beatings will continue until morale improves.

[ProtectOurFreedom]

Sounds like “necessarily skyrocket” to me. Obama must be terribly proud.

[Psalm 144]

Welcome to western transnational comity.

[catnipman]

Sounds like Ukraine is a mess. Maybe best to just hand the whole thing over to the Ruskies anyway.

[Grampa Dave]

“Russia subsidised the cost to Ukraine. Now that will end.”

Now, the Euros under $0ros will begin the Greecing and Cyprusing of the Ukrainians.

[FBD]

Ukrainian people have a better memory of old Russian rule then Americans.

>

http://www.holodomor.org.uk/LinkClick.aspx?link=famineposter1.jpg&tabid=141&mid=1191