Criminal: Former US State Department Official to Buy Ukraine’s Largest Telecom Company

by | Apr 13, 2016


This is just about as insane and open of an inside look, as to how US empire operators grab the spoils of their interventions that result in turmoil, that you are ever likely to get.

As is clear, the US played an important role in the Ukrainian revolution as revealed by the release of a recording of a phone call between Assistant US Secretary of State Victoria Nuland and US Ambassador to the Ukraine Geoffrey Pyatt (SEE: An Important Second Listen to the “F–k the EU” Ukraine Recording).

But, Nuland isn’t the only US State Department official playing a major role in Ukraine.

A US citizen, the Elmhurst, Illinois-born Natalie Jaresko, obtained a second citizenship (Ukrainian) on December 2, 2014, the day of, get this, her appointment as Minister of Finance of Ukraine.

Prior to Jaresko becoming Ukraine’s finance minister, she, according to Wikipedia:

….held several economics-related positions at the US Department of State in Washington, D.C., and eventually coordinated activities of the State Department, the Departments of Commerce, Treasury, the United States Trade Representative, and Overseas Private Investment Corporation (OPIC) in their economic relations with the Soviet Union and its successors. As part of her work she interacted with the International Monetary Fund, World Bank, and the European Bank for Reconstruction and Development. Later from 1992 to 1995, she was the first Chief of the Economic Section of the US Embassy in Ukraine, responsible for strengthening economic cooperation between the two countries.[8] In 2003 she was awarded the Ukrainian Order of Princess Olga for her contributions to the Ukrainian economy.

Between 2005 and 2010 Jaresko was a member of President Viktor Yushchenko’s Foreign Investors Advisory Council and the Advisory Board of the Ukrainian Center for Promotion of Foreign Investment under the auspices of the Cabinet of Ministers of Ukraine.

So what is Jaresko up to as finance minister of Ukraine?

She is about to take control, for herself, of Datagroup, the Ukraine telecom company that controls 85 percent of the Ukranian telecom market.

Datagroup is owned by Oleksandr Kardakov but his personal empire has collapsed due to foreign currency loan debt.

Foreign loan debt is an old muscle trick of economic hit men (SEE John Perkins, Confessions of an Economic Hit Man). Banksters and international global financial organizations (think the World Bank) load up third-world governments with debt that can’t possibly be repaid and they go in to pick off the juicy meat when the third-world governments can’t make the debt payments.

The loans to Kardakov were a spin-off on the basic maneuver. With Nuland fomenting revolution and turmoil in Ukraine, the Ukranian currency, the hryvnia, has collapsed on foreign exchange markets.

This has made it impossible for Kardakov to pay off his US dollar-denominated loans.

Enter Jaresko.

Ukraine Today reports:

In late February, the company began its liquidation procedure. The company’s other major asset – ‘Datagroup’ telecom operator – may soon be sold out to pay off debts. It may be purchased by its current minority shareholder – investment company ‘Horizon Capital’, co-founded by Ukraine’s current Finance Minister Natalie Jaresko.

Reprinted with permission from the Economic Policy Journal.