Ukraine payed Gazprom just enough cash for another week of gas supplies on Monday, following its “search the couch cushions” prepayment strategy of late. Kiev forked over a less than impressive $15 million, the latest of the meager tranches that it has deployed in recent weeks. These prepayments are a condition of Russia’s continued supply of Ukraine, but the provisional deal that’s kept gas flowing these past months (called the “winter package”) expires at the end of the month. On expiration, the gas supply arrangement will revert to terms set in a 2009 contract, including a price hike and a …read more
Source: The American Interest
