09 January 2009

Ukrainian Gas Crisis: Progress

It looks like Russia will start shipping gas again once international monitors are in place.

Some political subtext here is that Ukrainian President Viktor Yushchenko may see this dispute as a lever to get EU and NATO membership.

Certainly, the negotiating position that he has dictated, $201/tcm when the market price is around $400/tcm smacks of some sort of heavy duty politicking.

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