Russia reduces gas export to Ukraine
January 1, 2006 3:02 PM Subscribe
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
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.
posted by elpapacito (42 comments total)