Latest Articles about Europe's East

Ukrainian Chief Banker in Legal Limbo

The Ukrainian parliament has exacerbated both the political and economic crises in Ukraine by voting to dismiss National Bank (NBU) head Volodymyr Stelmakh. Consequently, it is not clear who is running the central bank in a country that has been among the hardest hit by... MORE

The 18-Day Gas War – Why was it fought? Who Won?

A preliminary, and possibly premature, report of the 18-day Russian-Ukrainian “Gas War” of January 2009 might read as follows:This war should never have taken place. The conflict had little to do with “commercial disagreements” between Gazprom and Naftohaz Ukrainy—these were resolved by the “Memorandum of... MORE

Commentary: The Russia-Ukraine Gas Crisis: The Big Picture

By now it should be clear that there is no quick fix for the current Europe-wide energy debacle caused by the vicious Russian-Ukrainian spat. Behind the seemingly intractable dispute over debts, gas pricing, and terms of transit lies a complex post-imperial situation in which Russia... MORE

Gazprom’s War Has Damaged Russian Interests

It was hardly a surprise when Prime Ministers Vladimir Putin and Yulia Tymoshenko, both dressed in black, solemnly announced an agreement to end the Russian-Ukrainian gas conflict in the wee hours of Sunday. The "war" had started as a habitual quarrel, then escalated into a... MORE

Russian-Ukrainian Gas Crisis Fuelled by National Identity

Western media coverage of the latest Ukrainian-Russian gas crisis has largely ignored the national identity component of the conflict, and yet this is the main factor fuelling poor relations between Ukraine and Russia. Inter-elite corruption in the energy sector comes second to national identity issues.... MORE

Ukrainian Law Bars Transferring Ownership of the Gas Transit System

Gaining some form of control over Ukraine’s state-owned gas transit system has been a constant objective of Russian policy since the 1990s. That 30-year-old system’s worn-out condition, its mismanagement, and the insolvency of its operator Naftohaz Ukrainy are providing Gazprom with a wide opening to... MORE