Meanwhile in Europe
Ukraine Heats Up as Gas Shutoff Looms
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  • Andrew Allison

    Not to defend Russian opportunism, but It looks a little different to me: Ukraine owes Gazprom $4 billion. Gazprom has told Ukraine that if it doesn’t pay $1.95 billion of that debt, future deliveries must be paid for in advance (http://www.cityam.com/article/1402625810/gazprom-warns-ukraine-debt) and absent advance payments there will be no deliveries. Ukraine has demanded a reduction in the price of future deliveries before paying. Seems to me that if the gas gets shut off, it’s a result of Ukrainian delusions regarding their negotiating strength rather than Russian machinations.

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