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Gazprom Threatens Ukraine Supplies Over Late Payment
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Gazprom's Chairman, Alexei Miller, says Ukraine owes $1.89 billion for gas deliveries after missing a March 7 payment deadline for Feb. deliveries. Transit shipments through Ukraine to Europe will continue. Russia provides 30% of Europe's gas needs and 15% of all Europe's gas demand goes through Ukraine, particularly Germany, Italy and Britain's utility companies. Europe's dependence on Russian supplies of natural gas gives a new twist to the crisis in Ukraine. Russia also needs the revenue from the natural gas exports to finance its own development as growth has slowed down sharply in 2013-2014, making this a situation where both sides in Europe need to resolve the standoff in Ukraine wihout escalation.
Gas supplies to Ukraine and transit shipments to Europe through Ukraine from Russia's Gazprom
03/28/2014
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Ukraine, Russia sign deal to end natural gas cut-off ahead of winter - The Washington Post
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With Political Rift Still Deep, Russia-Ukraine Gas Deal Is Widely Seen as a Patch
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Ukraine's economy 2010-2014
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Gazprom Threatens Ukraine Supplies Over Late Payment
Wall Street Journal 03/28/2014
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The EU's loan and grants package of $15 billion to Ukraine in March 2014
03/05/2014
For Ukraine the crisis has one positive aspect of assistance on better terms and prospect of recovery under guidance from the EU, and possibly the IMF. Before the crisis the EU faced with its own financial difficulties in the eurozone was reluctant to commit large scale assistance. A pro-western government in Kiev dependent on the EU, makes it easier for the EU to design the package so that the assistance works, and necessary conditions are provided by the Ukrainian government. Previous administrations in Kiev were mired in corruption, mismanagement of the economy, and Russian meddling or pressure, which the new government has the chance to avoid this time. Long term this could also offer the prospect of Ukraine- without the Russian speaking Crimea- joining the European Union.
Grouped Articles
Standoffs persist in Crimea as Kerry prepares to meet Russian counterpart - The Washington Post
Washington Post 03/05/2014
In Ukraine, Many See Polish Economy as a Blueprint
New York Times 03/13/2014
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Wall Street Journal 03/22/2014
Gazprom Threatens Ukraine Supplies Over Late Payment
Wall Street Journal 03/28/2014
IMF Reaches Deal to Provide up to $18 Billion to Ukraine
Wall Street Journal 03/28/2014
Ukraine President Takes On Other Crisis: a Broken Economy
Wall Street Journal 06/09/2014
Ukraine's economy after the protests in 2014- a broken economy and efforts to repair damage under president Poroshenko
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Grouped Articles
EU, U.S. Rush to Stabilize Ukraine After Ouster
Wall Street Journal 02/24/2014
Wall Street Journal 02/24/2014
In Ukraine, Many See Polish Economy as a Blueprint
New York Times 03/13/2014
Gazprom Threatens Ukraine Supplies Over Late Payment
Wall Street Journal 03/28/2014
IMF Reaches Deal to Provide up to $18 Billion to Ukraine
Wall Street Journal 03/28/2014
Ukraine’s Next President Vows to Restore Order and Mend Russia Ties
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