Knife to a Baguette Fight Ukraine Gets Its Gas Deal, Strings Attached
Ukraine will enjoy discount Russian natural gas for the first quarter of 2014. Kiev relies heavily on Moscow to keep the lights on, but until now was saddled with some of the highest prices in Europe for the privilege. Ukraine, teetering on the edge of a financial crisis, has been chafing at those prices, and the long-term, take-or-pay contracts they’re tied to, for some time. That dissatisfaction was one of the main drivers of its courtship of the European Union—a saga that came to an abrupt end back in November—and the cheap gas is Ukrainian President Yanukovych’s reward for choosing Russia over its Western suitors.
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