Kiev, Ukraine. In a review of internal US plans for finance of projects inside Ukraine, it becomes clear that “making America great again” is somewhere near the bottom of the Trump administration list, as documents confirm American taxpayers guarantee a loan by Goldman Sachs for $500,000,000 dollars to the Poroshenko government.
A Naftogaz Gas Sale and Repurchase Facility in western Ukraine is being totally underwritten and guaranteed by American taxpayers it has emerged in US freedom of information documents.
Naftogaz will obtain financing for the purchases from a loan facility of up to $500,000,000 provided by certain “international financial institutions”, of which up to $400,000,000 will be guaranteed by the Insured. Naftogaz will repurchase the gas from the SPV during the winter months. The gas sold by Naftogaz to the SPV and
repurchased by Naftogaz from the SPV will be stored by Ukrtransgaz.
Of special interests to Americans will be who is making all the money on the US end, without any risk whatsoever-
Name of Insured Investor: Goldman Sachs International or an eligible affiliate Name of Reinsurers: To be determined following board approval.
The loans are run through the OPIC agency of the US Government. The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities working with the CIA and US State Department.
OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers.
OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.
It is interesting that OPIC is in 160 countries worldwide, as that just happens to be where the US has troops on the ground currently-160 countries worldwide.