Dont invest in Ukraine says Estonian president warning corrupt courts could see those sending money to Kiev lose their cash
Estonian President Kersti Kaljulaid has courted controversy in Ukraine, using an interview marking the anniversary of the countryâs independence to slam its institutions and argue Kiev is not yet a dependable place for investment.
Speaking to local news outlet European Truth on Monday, after her attendance at the âCrimean Platformâ conference, the leader of the Baltic nation revealed that she âadvises Estonians not to invest in Ukraine.â In her view, foreigners should âtrade with Ukraine, but do not invest thereâ because âyou may lose your investmentâ and be unable to recoup losses due to corruption and legal malpractice.
According to Kaljulaid, âwe have already had cases when our people lost property here. And even after receiving an arbitration award in their favor, they were unable to regain their property.â
Also on rt.com NATOâs reluctance to admit Ukraine into transatlantic alliance is sign that Russia is âincreasing its clout,â Zelensky complainsIn order to turn around this situation, she said, âyou need everyone who works, invests or pays into this country to be able to hope that the court system will deal with their case impartially in the event of a dispute [and] that the justice system is truly blind to the public status of the parties.â
âThe economy will not grow until investors feel that they will be treated fairly,â the Estonian leader added, âand your people will not feel protected, small businesses will be limited in development.â
However, in an effort to avoid offending her hosts, Kaljulaid said that she would like âto emphasize that I appreciate what Ukraine has achieved. I understand that it is not easy to carry out economic reforms and wage war at the same time, and I applaud it. But you still have a lot left to do,â she concluded.
Also on rt.com âUkraine must be readyâ: Merkel tells Kiev EU wonât be using Russian gas by 2046 â" Zelensky wants weapons & help to build up navyIn addition, the head of the EU nation said that Brussels was unlikely to welcome Ukraine into the bloc until those changes are implemented. Asked about the prospects for Kievâs long-standing application, she said that âfirst you must build your own economy, democracy and free society â" only then can you even start asking about it. But until thatâs done, you canât even ask that question.â
Last week, Ukrainian President Volodymyr Zelensky raged at suggestions from US President Joe Biden that the country would have to âclean up corruptionâ before it would be accepted into the NATO military bloc.
âItâs very popular to accuse Ukraine of corruption, and itâs not that I hold these views only since I became president, but Iâve always felt offended by this,â Zelensky told reporters. âBecause you know what? No country is free of corruption.â
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