Tag Archives: Ukraine

Russia Presses Ukraine To Pay $2 Billion Gas Debt Amid Crimea Scrap

Russia said Ukraine’s natural gas debt climbed to almost $2 billion and signaled supplies may be cut, ratcheting up pressure on its neighbor as they scrap over the future of the Black Sea Crimea region.

Ukraine hasn’t made its February fuel payment and owes Russia $1.89 billion, according to gas export monopoly OAO Gazprom (OGZD), which halted supplies to Ukraine five years ago amid a pricing and debt dispute, curbing flows to Europe. Lawmakers in Moscow said they’d accept the results of a March 16 referendum on Crimea joining Russia as Arseniy Yatsenyuk, Ukraine’s premier, reiterated that his cabinet deems the vote illegal.

“We can’t supply gas for free,” Gazprom Chief Executive Officer Alexei Miller said in the statement. “Either Ukraine pays off its debt and pays for current deliveries or there’s a risk of a return to the situation we saw at the start of 2009.”

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Ukraine and the Return of the KGB

WASHINGTON—Regarding our community activist’s present imbroglio with President Vladimir Putin of Russia, I stand with Donald Trump who said recently: “The thing I have the most concern about is that he’s being so lambasted for not being respected, and for being a joke, that he’ll do something really stupid to show that he’s a man.” We are now about where we were with Jimmy Carter after he lectured his fellow citizens about their so-called “inordinate fear of Communism” even as the Soviet Union...

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Ukraine Crisis Means Drill, Baby, Drill

Russia’s invasion of Crimea is a tipping point event that will further spur the American oil boom. The European Union (EU) and United States in 2008 threatened to slap economic sanctions on Russia for invading Georgia. But after a while the criticism faded and threats of sanctions were quietly dropped, because the EU is almost entirely reliant on Russia for energy supplies...

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