Russia reduces gas export to Ukraine
January 1, 2006 3:02 PM Subscribe
Newsfilter: Russian Government (by market control of Gazprom company) reduces flow of natural gas to Ukraine. According to a NYT article "Russia is now asking for $220 to $230 per 1,000 cubic meters of natural gas, up from $50 now" ending soviet-era years of subsidized price. Yet Russia is still subsidizing other countries (selectively applying free market ?) while Pravda blames Ukraine politicians rhetoric. Pay or not paying, Gazprom accuses Ukraine of tapping into some of the gaslines (apparently 80% of Russian gas export pass trough pipes in Ukraine). Europe doesn't like not having is gas shipped as Ukraine agreed to the Energy Charter Treaty. Why should we care ? Shock waves in free market have global effects, meaning you'remore likely to pay energy more...and it's winter.
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