New Eastern Europe: Gazprom Is the Biggest Loser of the War in Ukraine

Experts say that, by starting the war with Ukraine, Vladimir Putin, might have lost the country irrevocably. The biggest loser of this situation is the Russian gas giant, Gazprom.

The sagging giant 

Gazprom has recently informed the Russian government that it would extend lower prices for gas deliveries to Ukraine beyond the period of the winter package which lasted until March 31st. The Kremlin agreed to grant Kyiv a price that is in fact lower than today’s prices on the European spot market. In the second quarter of 2015, Ukraine will be buying gas from Russia at the cost of 254,18 US dollars per 1000 square metres. In 2014, Ukrainians were made to pay 485,5 US dollars for the same quantity. How was this victory possible?

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