A democratic revolution triumphed two and a half years ago in Ukraine. And the West rushed to congratulate the leaders of the pro-democratic parties who emerged victorious, including President Petro Poroshenko.
Indeed, a record number of Western advisers were sent to Kiev in the wake of the election. Far more than had visited during the first 25 years of Ukraine’s independence. American officials went out of their way to ensure Ukraine received loans from the IMF and helped restructure the country’s foreign debt obligations to avoid almost certain default.
The US Treasury Department helped restructure $15 billion of Ukraine’s external debt, achieving …read more
Source: CapX