$9bn+ import bill could renew gas conflict

Ukraine’s troubles with Russian gas and Russia’s troubles with Ukrainian transit are not over yet, even though there was a truce this winter. Although the next Ukrainian president, to be elected in second-round voting on 7 February, will be less antagonistic towards Russia than outgoing head of state Viktor Yushchenko, the underlying causes of the “gas wars” remain. In 2009, the government underwrote $6 billion plus of import payments, and the International Monetary Fund underwrote the government. Who will pay the 2010 import bills, likely to total $9 billion plus? See my comment in the Moscow Times here. http://www.themoscowtimes.com/opinion/article/preventing-new-gas-wars/398420.html

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