Monday, April 7, 2014

A Russian - Ukraine Gas War?

Fears Of Gas War As Ukraine Refuses To Pay Increased Prices Set By Russian Firm -- The Guardian

Dispute comes as tensions in eastern Ukraine remain high, with pro-Russian protesters storming government buildings

The prospect of a new gas war between Russia and Ukraine drew closer at the weekend as the government in Kiev said it would refuse to pay for gas at a new, inflated price set by Gazprom last week. The dispute comes as tensions in eastern Ukraine remain high, with pro-Russian protesters in two cities storming government buildings on Sunday.

In Kiev, interim prime minister Arseniy Yatsenyuk told the cabinet over the weekend that the new price for gas was unfair and Ukraine would not pay it.

"Russia has not managed to grab Ukraine through military aggression, so now they are pursuing a plan to pressure and grab Ukraine through gas and economic aggression," said Yatsenyuk. He said that Ukraine would continue buying gas at the "acceptable market price" of $268 (£162) per 1,000 cubic metres.

Read more ....

More News On The Russia - Ukraine Dispute Over Gas Prices

Ukraine raises fears of gas price war with Russia -- Financial Times
Ukraine rejects Russia Gazprom gas price hike -- BBC
Yatsenyuk rejects Russian gas price calling it ‘aggression against Ukraine’ -- Bloomberg
Ukraine eyes arbitration if Russia doesn't cut gas price -- Reuters
Ukraine threatens to take Russia to court over gas -- Global Post/AFP
Ukraine Might Sue Russia Over Gas Price Hike -- The Wire
Ukraine in ‘emergency’ talks with European neighbors over gas imports -- Al Jazeera
Analysts Predict Gazprom's 80% Gas Price Hike In Ukraine Will Backfire -- Moscow Times/Reuters
Legality of reverse gas deliveries from Europe to Ukraine under doubt – Gazprom CEO -- RT

My Comment: Unlike Ukraine, Europe is receiving a different treatment from Russia's Gazprom .... Gazprom says it will honour gas deals with Germany -Handelsblatt -- Reuters

Comment #2: This is going to hurt .... Russia seeks over $11 billion in 'debt' from Ukraine: Gazprom (Business Recorder). In essence .... the money and financial aid that Ukraine is suppose to receive from the West and the IMF .... Russia is now demanding it's share.

Comment #3: She is right .... Ukraine’s Economy Would Have Collapsed Without Russian Aid – IMF Chief -- RIA Novosti

1 comment:

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