Diana Johnstone lays out the very public planning of a turn to the West by the Ukraine. As we know, the failure by Yanukovitch to sign the so-called DCFTA precipitated the regime change of February 2014.
In September 2013, one of Ukraine’s richest oligarchs, Viktor Pinchuk, paid for an elite strategic conference on Ukraine’s future that was held in the same Palace in Yalta, Crimea, where Roosevelt, Stalin and Churchill met to decide the future of Europe in 1945. . . . The participants included Bill and Hillary Clinton, former CIA head General David Petraeus, former U.S. Treasury secretary Lawrence Summers, former World Bank head Robert Zoellick, Swedish foreign minister Carl Bildt, Shimon Peres, Tony Blair, Gerhard Schröder, Dominique Strauss-Kahn, Mario Monti, Lithuanian president Dalia Grybauskaite, and Poland’s influential foreign minister Radek Sikorski. Both President Viktor Yanukovych, deposed five months later, and his recently elected successor Petro Poroshenko were present. Former U.S. energy secretary Bill Richardson was there to talk about the shale-gas revolution which the United States hopes to use to weaken Russia by substituting fracking for Russia’s natural gas reserves. The center of discussion was the “Deep and Comprehensive Free Trade Agreement” (DCFTA) between Ukraine and the European Union, and the prospect of Ukraine’s integration with the West. The general tone was euphoria over the prospect of breaking Ukraine’s ties with Russia in favor of the West.
Conspiracy against Russia? Not at all. Unlike Bilderberg, the proceedings were not secret. Facing a dozen or so American VIPs and a large sampling of the European political elite was a Putin adviser named Sergei Glazyev, who made Russia’s position perfectly clear.
Glazyev injected a note of political and economic realism into the conference. Forbes reported at the time on the “stark difference” between the Russian and Western views “not over the advisability of Ukraine’s integration with the EU but over its likely impact.” In contrast to Western euphoria, the Russian view was based on “very specific and pointed economic criticisms” about the Trade Agreement’s impact on Ukraine’s economy, noting that Ukraine was running an enormous foreign accounts deficit, funded with foreign borrowing, and that the resulting substantial increase in Western imports ccould only swell the deficit. Ukraine “will either default on its debts or require a sizable bailout”.
The Forbes reporter concluded that “the Russian position is far closer to the truth than the happy talk coming from Brussels and Kiev.”
As for the political impact, Glazyev pointed out that the Russian-speaking minority in Eastern Ukraine might move to split the country in protest against cutting ties with Russia, and that Russia would be legally entitled to support them, according to The Times of London.