January 12, 2016
BEAR SKINNED:
How Ukraine Weaned Itself Off Russian Gas (Leonid Bershidsky, 1/12/16, bLOOMBERG vIEW)
Not so long ago, Russia could bend Ukraine to its will by threatening to cut off natural gas supplies. Now, Russia is offering discounts, but Ukraine is not interested because it's getting plenty of gas in Europe. This change reflects developments in the European gas market that don't augur well for one of Russia's biggest sources of export revenue.
It'd be more impressive if it weren't just Putin they were schooling.
Posted by Orrin Judd at January 12, 2016 2:44 PM
