Saturday, March 3, 2018

Russia retaliates against Ukraine’s court win, shuts off natural gas supplies indefinitely

March 3, 2018 (KyivPost) In retaliation for coming up on the losing end of a Stockholm arbitration court ruling that will cost Russia’s state-controlled Gazprom $2.56 billion, the Kremlin indefinitely shut off natural gas supplies to Ukraine on March 1. Ukraine, consequently, faces shortages for the rest of the winter. But, eventually, all might work in Ukraine’s favor as energy experts expect the Russian energy monopoly to eventually pay its Ukrainian counterpart, Naftogaz. Moreover, Ukraine will try to win the public relations war by convincing the European Union that Gazprom is an unreliable partner, and that the EU should stop the Ukraine-bypass Nord Stream 2 pipeline under construction between Russia and Germany under the Baltic Sea.

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