Summary
The compromise reached Jan. 4, abruptly raising Russian gas prices to Ukraine from $50 to $230 per 1,000 cubic meters is nevertheless a victory for common sense.
In fact, Ukraine will switch to Turkmenistan as its principal gas supplier and buy gas from Kazakhstan and Uzbekistan as well for about $95 per 1,000 cubic meters for five years - less than half the Western European gas price. Ukraine will still buy Russian gas, but much less than before.See the full content of this document
Extract
Uneasy Truce in Gas Attack
By more than quadrupling the price, Moscow tried to deal a decisive blow to President Victor Yushchenko, whom Russian leaders perceive as pro-American and anti-Russian, and to influence the outcome of Ukraine's March parliamentary elections. Ukraine will pay a heavy price: between 5 a...
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