Disinfo: EU won't invest in Ukraine

Summary

Nowadays, no country, not even the European Union invests in Ukraine. Without investments, it will be very difficult to revive the Ukrainian economy.

Disproof

Recurrent disinformation narratives about the EU abandoning Ukraine and the collapsing Ukrainian economy. The European Union supports Ukraine in ensuring a stable, prosperous and democratic future for all its citizens. Since spring 2014, the EU has stepped up its support for economic and political reforms in Ukraine. The main EU countries investing in Ukraine in 2016 were: Cyprus – $427.7 million, equivalent to 21.7% of the total investment amount; Great Britain – $403.9 million (20.5% of the total amount), Netherlands – $255 million (12.9% of the total amount); Austria – $249.9 million (12.7%); Italy – $209.9 million (10.6%); Hungary – 187.6 million (9.5%); Germany – 75.2 million (3.8%). At the same time, the amount of Ukrainian direct investments (equity capital) in other countries’ economies on the 31st of December 2016 totaled $6233.4 million, including the EU countries – $6014.4 million (96.5%) and other countries of the world - $219 million (3.5%). The EU is Ukraine's largest trading partner, accounting for more than 40% of its trade in 2016. Ukraine accounts for 0.9% of EU's total trade, with a turnover of €29.6 bn in 2016. Ukraine exports to the EU amounted to €13.1 bn in 2016. The EU exports to Ukraine amounted to over €16.5 bn in 2016. Total trade between the EU and Ukraine increased by 27.1 % from January to August 2017 vs January to August 2016. In that period, exports from EU to Ukraine increased by 26.6% whereas imports from EU to Ukraine increased by 27.7 %. The EU is a large investor in Ukraine. EU investors held investments worth around €16.1 bn in Ukraine in 2015. The EIB will lend EUR 50m to finance transport infrastructure improvements throughout the country, along with a EUR 10m grant agreement under the multi-donor E5P fund that supports municipal investments in energy-efficiency and environmental projects in the Eastern Partnership countries. Consult “Investing in Ukraine’s future”, EIB’s Special Action Plan for Ukraine: the EU bank delivers on its promise of EUR 3bn in 3 years.

publication/media

  • Reported in: Issue 144
  • DATE OF PUBLICATION: 28/03/2019
  • Outlet language(s) Azerbaijani
  • Countries and/or Regions discussed in the disinformation: Ukraine
  • Keywords: economy, European Union, Economic difficulties
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There is no point in voting in the European elections in Latvia because Nazis are already in power

An unenviable situation is developing in Latvia before the elections: people are being given the message that it is necessary to vote, otherwise, if you keep silent, “Nazis will come”. People should stay at home and not vote. They don’t need to be frightened that fascists will get into power, they are already in power.

Disproof

Recurrent unfounded narrative about fascism in Europe. Find similar cases about Nazis in Latvia here and here. Latvia is a parliamentary republic, has a multiparty system; parties have the ability to form coalition governments. The last parliamentary elections in Latvia took place on October 4, 2014. Following the elections, 6 parties were represented in the parliament. Only one party among them is following national-conservative ideology - The National Alliance "All for Latvia", and it has only 13 places out of 100 in current parliament.

Ukraine President Petro Poroshenko was the US appointee

The Ukrainian President, Petro Poroshenko, was appointed by the US administration at the time of President Obama, just as if Poroshenko were a US Ambassador to Ukraine. Hence, there is a bit of a clash over Ukraine between the Trump supporters and the State Department ones. The latter favour Poroshenko, while Trump doesn’t seem to care.

Disproof

Recurring pro-Kremlin conspiracy about Ukraine - US Relations. Petro Poroshenko was elected in a national election with several candidates. The OSCE/ODIHR Election Observation Mission’s Final Report “Ukraine early presidential election 25 May 2014” concluded that the election “was characterised by high voter turnout and the clear resolve of the authorities to hold what was a genuine election largely in line with international commitments and with a respect for fundamental freedoms in the vast majority of the country”. A similar conclusion was made by The Parliamentary Assembly of the Council of Europe (PACE). It said in its report that the election was “largely in line with international commitments and which respected fundamental freedoms in the vast majority of the country, despite the hostile security environment in two eastern regions of the country”.

US bans travel to Crimea to prevent its recognition

The United States has deliberately banned travel to Crimea in order to avert the recognition of the peninsula’s reunification with Russia. The move is the latest show of double standards present in US diplomacy, particularly in light of Washington’s recent recognition of the Golan Heights as sovereign Israeli territory. Crimea rejoined Russia following a March 2014 referendum, conducted in accordance with international law and democratic standards. The US and other countries have refused to recognise the legitimacy of the vote.

Disproof

No evidence given for the Crimea travel ban. According to the US Bureau of Consular Affairs, US citizens are free to travel to Crimea, albeit they are strongly advised not to. Only US Government employees are subject to travel restrictions, which have been imposed due to extensive Russian military presence in the peninsula, arbitrary imprisonment of foreigners, and abuse of individuals critical toward the occupation regime. Similar restrictions apply to other high-risk areas of the world, such as Gaza and parts of Mexico. At any rate, the legitimacy of territorial jurisdiction is determined by international law and diplomatic consensus, not US visitor numbers. The analogy between Crimea and the Golan Heights is spurious and unclear. An overwhelming majority of states regard both Crimea and the Golan as occupied. References to the Crimea landgrab as a "democratic referendum" are part of a long-running pro-Kremlin narrative about the occupied peninsula. See our recent debunk of this claim here.