Friday, January 16, 2009

The EU has brokered a deal between Russia and Ukraine

A deal has apparently been brokered between Russia and Ukraine

The complete halt in Russian gas deliveries to Europe via Ukraine looks likely to end soon, following a three-way deal on the deployment of monitors in Ukraine and Russia. However, transit is only one facet of a Ukraine-Russia gas relationship that is far from settled. For Ukraine, transit and its own imports are inextricably linked, yet turning the taps back on for Europe will not result in any gas supply for Ukraine. So while gas supplies to Europe may soon resume, their stability cannot be taken for granted.

The EU announced on January 9th that Russia and Ukraine had agreed to the introduction of monitors at gas transportation facilities in Ukraine. This was made possible by Ukraine relenting on its refusal to allow Russians to join the EU monitoring team. ...



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[Source: The Economist: News analysis

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