China Wants Its Money Back From Ukraine Thereby Risking Default

Ukraine's president, Viktor Yanukovich, and China's president, Xi Jinping, at the Great Hall of the People in Beijing, Dec. 5, 2013 (Photo/CNS)

Global Research: Kiev Regime Debt: Ukraine Stiffs China for Billions It Owes

WNU Editor: A poorly written article .... but the message is clear .... China lent Ukraine billions and it wants a return on its investment/loan. Ukraine responds that they cannot pay them now. China is not happy .... and is now in a position to call in its loan(s) .... thereby putting the Ukraine government into default. You cannot help but feel that the house of cards that Ukraine has built over the years is now on the verge of collapsing.

China Takes Russia's Side Over A Disputed Arms Buy With Ukraine

Money Dispute With Kiev Threatens Future Chinese Arms Buys -- Washington Times

China is colluding with Russia to avoid paying $14 million to the Ukrainian government for a second Zubr-class amphibious landing hovercraft — or air-cushioned landing craft — that was delivered by Kiev to the Chinese People’s Liberation Army in early March. The delivery came days before the Russian annexation of Crimea, where the vessel was built. At issue is the question of who gets the $14 million.

Since the contract was signed between China and Ukraine before Russia’s intervention in Ukraine, Beijing is obligated to pay the remaining $14 million for the delivered vessel to the government in Kiev.

But Russia vehemently opposes any Chinese payment to Kiev and insists that China pay the fund to two shipbuilding companies located in Crimea, now controlled by Moscow after the region was annexed by Russia.

Read more ....

My Comment: Russia is far more important to China than Ukraine .... they are not going to upset that relationship .... and definitely not over two hovercraft and a few million dollars.