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2014-09-01 18:30:00

SHOT ITSELF UKRAINE

SHOT ITSELF UKRAINE

Recently, Ukrainian Prime Minister Yatsenyuk pushed a bill through the Verkhovna Rada (Parliament) that would sell his country's gas transportation system to a group of international investors. The provisions of the law would permit the transit of natural gas to be blocked. This decision may hurt the fragile industrial recovery in Germany and finish off Ukraine's potential as a gas transit route to Europe.

Germany, which is the industrial heart of the EU and a major creditor for its debtor nations, is facing the challenge of the double-edged consequences of its inverted Ostpolitik as it pertains to the trade in natural gas. Even the temporary transit risks ensuing from Kyiv's…

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Tags: EU, UKRAINE, GAS, CHEVRON
Chronicle:
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