Much has been made about how energy markets have distorted world politics. But what happens when energy markets come up against a resurgent Russian Republic eager to return to Empire? We may soon learn as Ukraine and Russia are at loggerheads over gas shipments over a Russian pipeline that passes thru Ukraine to get gas to Europe for sale.
Ukraine -- long at odds with the Kremlin over its ambition to join NATO -- accused Moscow of deliberately cutting flows to Europe and said the bloc needed to send a signal to the Kremlin that it cannot bully its pro-Western neighbors.
"If Europe ... does not help us get out of this situation, then it can expect a more aggressive position from Russia on gas and other issues," Oleksander Shlapak, a senior Ukrainian presidential aide, told Reuters.
Russian gas export monopoly Gazprom blamed Ukraine for siphoning off or blocking deliveries of gas equivalent to one sixth of the total Russian supply to Europe, and said it was increasing exports to make up some of the shortfall.
1 comment:
The issue is really pretty simple. Ukraine has to pay its bills and it will get gas back. And it really shouldn't steal.
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