Many Are Cold, but Few Are Frozen

David Lawrence's personal blog

Buying Off Ukraine

Billions from Putin

On the bus I picked up a free Russian-language paper with a bold headline: "There won't be a default. The Hryvnia won't collapse." Russia, apparently, is giving a $15 billion loan and a 30 percent discount on gas to prop up the Yanukovich regime. 

Doesn't look good. Russia is like a loan shark. Putin will get Ukraine deep in debt and then take its assets for repayment. 

Goodbye, gas pipeline system!