Latest Articles about Europe's East
Russia Seeks Control of Ukraine’s Gas Transit System Through a Consortium
Russia and some circles in Germany are reactivating the idea of a consortium to control Ukraine’s gas transit system. Moscow hopes to profit from the crisis atmosphere it has itself created since January 1 by stopping gas supplies to Europe via Ukraine. Blaming Ukraine in... MORE
Russia Suspected of Trying to Take over Ukraine’s Gas Transit Network
Russia was supposed to resume pumping gas to the EU through Ukraine on January 13 following trilateral Moscow-Kyiv-Brussels talks, but the Russia-Ukraine gas row is far from over. Neither the issue of Kyiv’s debts, the very existence of which Ukraine denies, nor the conditions of... MORE
Russia’s Gas Disinformation Game
Disinformation operations, as every former KGB operative knows, can be an invaluable tool in winning a war. “Deza,” as it is called by the old boys who once worked on Dzerzhinsky Square in Moscow, is an art meant to be used carefully by professionals; otherwise... MORE
Belarus Devalues Its Currency
On January 2 residents of Belarus learned that the national currency—the Belarusian ruble (known locally as the zaichik or hare)—had been devalued by 20.5 percent against the US dollar, falling from around 2,200 to 2,650. In November and December the administration of President Alyaksandr Lukashenka... MORE
A War Like No Other: Putin Mishandles Another Gas Conflict
Two weeks after the traditional turn of the valve in the first minute of the new year, the disagreement between Russia and Ukraine over the trade and transit of natural gas is still not resolved, and it is not only the duration that makes this... MORE
Gazprom’s Gas Price Shell Game
How does Russia’s Gazprom set the price for the gas it sells its customers in the former Soviet republics and the EU? Few, if any, managers in Gazprom can answer this question with any measure of certainty. The formula for calculating this seemingly capricious price,... MORE
A Possible Alliance Between Yanukovych and Yushchenko
The establishment of a new coalition in the Ukrainian parliament has left the Party of Regions (PRU) led by former Prime Minister Viktor Yanukovych in the opposition. Yanukovych wants to use this opportunity to come back to power on a wave of popular discontent with... MORE
Gazprom Stops Gas Deliveries to Ukraine—What Next?
On the morning of January 1, OAO Gazprom, the Russian state-owned gas monopoly, in league with the Russian government, decreased the volume of gas shipped to Ukraine by 90 million cubic meters a day—the amount that Ukraine had contracted for in 2008. Gas shipments of... MORE
Hard Times for Ukrainian Banks, Central Bank Chairman Under Fire
Ukraine’s banking system is teetering on the brink of disaster. The International Monetary Fund’s (IMF) $16.4-billion loan (see EDM, November 12) has probably come too late either to restore trust in banks or to prevent the national currency, the hryvnya, from a free fall. Most... MORE
Russian Dezyinformatsia Campaign against the Orange Coalition
On December 9 it was announced that a larger orange coalition had been agreed upon in Ukraine. It was formally registered on December 16. The news came as a surprise, as it had been widely assumed that Prime Minister Yulia Tymoshenko’s bloc (BYuT) was close... MORE