Editorial comment
Corridors of powerLet’s look at the facts. Approximately 30% of the gas that Europe consumes comes from Russia. Some 53% of Russian gas exports to Europe pass through Ukraine. Ukraine receives a 30% discount price for the natural gas it gets from Gazprom, as negotiated in a deal with now-deposed, pro-Moscow President Yanukovych. This deal may soon expire, as relations between Russia and Ukraine deteriorate.Gazprom insists that it is forced to hike prices because, it claims, Kiev owes US$ 1.55 billion for gas supplied in 2013 and the first few months of 2014, among other debts. Gazprom cites Kiev’s inability to meet contractual obligations as reason to withdraw the 30% discount and Russia has threatened to sue for up to US$ 16 billion.
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Corridors of power
Let’s look at the facts. Approximately 30% of the gas that Europe consumes comes from Russia. Some 53% of Russian gas exports to Europe pass through Ukraine. Ukraine receives a 30% discount price for the natural gas it gets from Gazprom, as negotiated in a deal with now-deposed, pro-Moscow President Yanukovych. This deal may soon expire, as relations between Russia and Ukraine deteriorate.
Gazprom insists that it is forced to hike prices because, it claims, Kiev owes US$ 1.55 billion for gas supplied in 2013 and the first few months of 2014, among other debts. Gazprom cites Kiev’s inability to meet contractual obligations as reason to withdraw the 30% discount and Russia has threatened to sue for up to US$ 16 billion.
