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Russia Raises Gas Price For Ukraine, Demanding $11 Billion In Back Payments

ECONOMY WATCH -- Russia is set to charge Ukraine $500 for 1,000 cubic metres of natural gas, reported the New York Times on Sunday, $100 more than what it was already charging and nearly a third higher than what Russia’s gas company, Gazprom, charges clients elsewhere.

According to NYT, Moscow had agreed to give a $100 discount to Ukraine for natural gas back in 2010, when it renewed the lease for its Black Sea naval fleet in the Crimean Peninsula. However, as Russia now considers Crimea to be part of its territory, it believes that it is no longer obliged to offer Ukraine discounted gas.

Additionally, Prime Minister Dmitry Medvedev said last Friday that he would pursue back payments from Ukraine for past discounted natural gas, as Ukraine has been receiving the discount since 2010 even though the...


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Submitted Mar 25, 2014 By: NOTSOGRN
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Author Topic: Russia Raises Gas Price For Ukraine, Demanding $11 Billion In Back Payments Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,049
Points:2,388,440
Joined:Nov 2008
Message Posted: Mar 28, 2014 5:59:03 AM

the real reason behind the annexation is slowly coming to light, eh?
ejl2000
Champion Author New Jersey

Posts:2,839
Points:1,248,795
Joined:Aug 2005
Message Posted: Mar 26, 2014 8:45:10 AM

If you find a story in the ny times it is most likely so very far from the actual truth!!!!
szd55
Veteran Author Ontario

Posts:272
Points:564,265
Joined:May 2011
Message Posted: Mar 26, 2014 8:40:55 AM

Message to all rogue states - never, ever give up nuclear deterrent.
PAA64
Champion Author Cincinnati

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Points:757,285
Joined:Jan 2013
Message Posted: Mar 26, 2014 12:46:53 AM

interesting
lorimarie36
Champion Author New York

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Joined:Sep 2013
Message Posted: Mar 26, 2014 12:31:47 AM

Relentless Russia
mpg611
Champion Author Cleveland

Posts:5,619
Points:1,348,795
Joined:Apr 2011
Message Posted: Mar 26, 2014 12:21:15 AM

Would not surprise me if OUR gas prices went up because of this.
52MPG
Champion Author Dayton

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Points:2,519,025
Joined:Apr 2006
Message Posted: Mar 26, 2014 12:20:26 AM

Russia is going to go one step to far at some point.
unicornpmb
Champion Author Buffalo

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Joined:Sep 2005
Message Posted: Mar 26, 2014 12:15:01 AM

Great.
jrschl
Champion Author Louisville

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Points:1,459,640
Joined:Jun 2011
Message Posted: Mar 26, 2014 12:14:58 AM

I mean I can't say I agree with it, but the one who owns the energy has the one in need by the checkbook.
speedraider
Champion Author Orlando

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Joined:Nov 2005
Message Posted: Mar 26, 2014 12:13:41 AM

ok
boatfloyd
Champion Author Jacksonville

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Message Posted: Mar 26, 2014 12:13:31 AM

It's all about the money.
reincloude1964
Champion Author Kentucky

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Joined:Feb 2006
Message Posted: Mar 26, 2014 12:12:55 AM

What a greedy shame...
Dsin44
Champion Author Abbotsford

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Points:311,440
Joined:Apr 2011
Message Posted: Mar 26, 2014 12:12:43 AM

what happens here if we do not pay the gas bill?
itsjustme719
Champion Author Hamilton

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Joined:Dec 2010
Message Posted: Mar 26, 2014 12:12:35 AM

Old news.
69Bonne
Champion Author Gary

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Joined:Sep 2005
Message Posted: Mar 26, 2014 12:12:16 AM

Going to get rough, let's just hope this doesn't start some major war.
bvrbill
Champion Author Eugene

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Message Posted: Mar 26, 2014 12:12:04 AM

Russia is playing hardball.
furiousfowl
Champion Author Riverside

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Joined:May 2005
Message Posted: Mar 26, 2014 12:11:11 AM

Just the start
phthisin
Rookie Author New Hampshire

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Points:1,426,810
Joined:Dec 2010
Message Posted: Mar 26, 2014 12:09:54 AM

While Russian moves against the Ukraine are deplorable, it is worth noting that Kiev has cut off the supply of electricity to Crimea.
Tsunamiron
Champion Author Jacksonville

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Message Posted: Mar 26, 2014 12:09:41 AM

Ukraine needs energy independence.
WVUtailgater
Champion Author Cleveland

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Message Posted: Mar 26, 2014 12:09:11 AM

this is going to get rough
HizznHerz
Champion Author Ontario

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Message Posted: Mar 26, 2014 12:09:11 AM

ok
Syncrude
All-Star Author New York

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Joined:Feb 2014
Message Posted: Mar 26, 2014 12:09:10 AM

ok
RevMarket
Champion Author Cincinnati

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Message Posted: Mar 26, 2014 12:08:29 AM

Hmmmmm?
cheaper0ON
Champion Author Ontario

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Message Posted: Mar 26, 2014 12:08:24 AM

Old.
jethro5000
Champion Author Kentucky

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Message Posted: Mar 26, 2014 12:07:38 AM

Wonder what they would do if they could vote again?
regout
Champion Author Quebec

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Message Posted: Mar 26, 2014 12:06:05 AM

Those Russians crooks.
bolobill
Champion Author Michigan

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Message Posted: Mar 26, 2014 12:05:53 AM

ok
rahcat
Champion Author Grand Rapids

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Message Posted: Mar 26, 2014 12:04:50 AM

We will be financing it for our gutless chicken liver President.
smoketown
Champion Author Cincinnati

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Message Posted: Mar 26, 2014 12:04:12 AM

Okay.
Bigwaynef
Champion Author South Carolina

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Message Posted: Mar 26, 2014 12:03:51 AM

Well we know Obuma is full of Gas...
CHSTornado
Rookie Author Tampa

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Message Posted: Mar 26, 2014 12:02:23 AM

Been serving a lot of Chicken Kiev in the White House dining room lately.
C.Carpets
Champion Author Oakland

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Message Posted: Mar 25, 2014 11:57:31 PM

Obama will probably pay it for them.
bcok
Champion Author Los Angeles

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Message Posted: Mar 25, 2014 11:57:03 PM

how can these people be so stupid and not think of the ramifications later on.
GeneS
Champion Author Hartford

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Message Posted: Mar 25, 2014 11:56:33 PM

Surprise, surprise!!!
must87searcher
Champion Author Maryland

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Message Posted: Mar 25, 2014 11:56:08 PM

This was going to come up.
CHSTornado
Rookie Author Tampa

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Joined:Jun 2006
Message Posted: Mar 25, 2014 11:56:02 PM

What a surprise. This is just the first step in Russia's plan to take over Ukraine entirely.
PriusYipee
Champion Author New York

Posts:2,648
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Joined:Oct 2004
Message Posted: Mar 25, 2014 11:54:37 PM

Bad news...
clermont40miles
Champion Author Cincinnati

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Message Posted: Mar 25, 2014 11:53:44 PM

Tightening the screws. Leverage. Crushing. Pain.

Communists are brutal.
crashintuc34
Champion Author Tucson

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Message Posted: Mar 25, 2014 11:53:09 PM

Stickin' it to them.
VikingWoman
Champion Author Washington

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Message Posted: Mar 25, 2014 11:52:43 PM

ok
lin95688
Champion Author California

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Message Posted: Mar 25, 2014 11:50:59 PM

Russia is bullying Ukraine.
flyfast
Champion Author Kansas City

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Message Posted: Mar 25, 2014 11:46:29 PM

not good over there
MPSAN1
Champion Author South Carolina

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Joined:Dec 2013
Message Posted: Mar 25, 2014 11:46:08 PM

Whatever
PetroScopper
Champion Author Houston

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Message Posted: Mar 25, 2014 11:42:32 PM

Russia will pay a huge price for their ignorance and greed in the near future and beyond.
itzagasgasgas1
Champion Author Cincinnati

Posts:7,215
Points:2,369,865
Joined:Aug 2005
Message Posted: Mar 25, 2014 11:41:33 PM

Can't get blood from a stone.
lgwhitlock
Champion Author Chico

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Message Posted: Mar 25, 2014 11:38:09 PM

Russia is really looking like a school yard bully...
DustyHorse
Champion Author Virginia

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Points:2,132,365
Joined:Oct 2008
Message Posted: Mar 25, 2014 11:36:07 PM

If Russia invades the rest of Ukraine the first thing I would do is destroy the Russian pipelines passing through Ukraine.
traffic cop
Champion Author Boston

Posts:3,416
Points:1,249,220
Joined:Oct 2004
Message Posted: Mar 25, 2014 11:32:14 PM

FlogNut, the vulnerability of those trans-Ukraine pipelines would give Putin the pretext he needs (better, "wants") to take further military action.

I'm sure that the Community-Activist-in-Chief is on top of the situation. As soon as he can break free from his golf game.
jcallaw
Champion Author Houston

Posts:3,805
Points:1,001,205
Joined:May 2012
Message Posted: Mar 25, 2014 11:32:09 PM

Oh Well...
prassu2012
Champion Author Illinois

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Joined:Dec 2012
Message Posted: Mar 25, 2014 11:32:09 PM

Ok
cheaper0ON
Champion Author Ontario

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Points:1,174,230
Joined:Jan 2012
Message Posted: Mar 25, 2014 11:31:27 PM

WOW!!!
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