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Zelensky is literally selling Ukraine to US corporations on Wall Street.

Ukraine’s Western-backed leader Volodymyr Zelensky opened the New York Stock Exchange telling Wall Street his country is “open” for foreign corporations to exploit it with $400 billion in state selloffs.

ByBen Norton, 2022-09-09

Ukraine’s Western-backed leader Volodymyr Zelensky virtually opened the New York Stock Exchange on the morning of September 6, symbolically ringing the bell via video stream.

Zelensky announced that his country is “open for business” – that is to say, that foreign corporations are free to come and exploit its plentiful resources and low-paid labor.

In a speech launching the neoliberal selloff program Advantage Ukraine, Zelensky offered Wall Street “a chance for you to invest now in projects worth of hundreds of billions of dollars.”

The financial news service Business Wire published a press release from the Ukrainian government in which Zelensky boasted:

The $400+ [billion] in investment options featured on AdvantageUkraine.com span public private partnerships, privatization and private ventures. A USAID-supported project team of investment bankers and researchers appointed by Ukraine’s Ministry of Economy will work with businesses interested in investing.

………………………….. The press release cited executives of US corporate giants Google, Alphabet, and Microsoft, who salivated over the economic possibilities offered by Ukraine.

Reuters noted that the Ukrainian government hired British public relations firm WPP to run the marketing operation for Advantage Ukraine.

Zelensky coordinated his New York Stock Exchange publicity stunt with an editorial in the Wall Street Journal imploring US capitalists to “Invest in the Future of Ukraine.”

“I committed my administration to creating a favorable environment for investment that would make Ukraine the greatest growth opportunity in Europe since the end of World War II,” Zelensky wrote.

Multipolarista previously reported on a meeting by Western governments and corporations in Switzerland in July in which they planned harsh neoliberal economic policies to impose on Ukraine.

The Western participants published documents calling to cut labor laws, “open markets,” drop tariffs, deregulate industries, and “sell state-owned enterprises to private investors.”

In an interview with Multipolarista, economist Michael Hudson compared the new emergency anti-labor laws imposed by the Ukrainian government to the brutal neoliberal policies implemented by Chile’s far-right Pinochet dictatorship after a CIA-backed coup in 1973.

“It’s jaw dropping,” Hudson said of Zelensky’s Wall Street Journal op-ed. “It’s like a parody of what a socialist would have written about how the class war would be put in into action by a fascist government.”

“So of course he was welcomed on the stock exchange for abolishing labor’s rights,” Hudson added. “You could not have a more black-and-white example” of class war………………………………… https://geopoliticaleconomy.com/2022/09/09/zelensky-selling-ukraine-wall-street/

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February 19, 2023 - Posted by | business and costs, Ukraine

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