Middle East Economic Survey

VOL. LII

No 32

10-Aug-2009

CASPIAN

Ukraine And EC Strike Deal To Reduce Risk Of Further Gas Crises

European Commission (EC) President Jose Manuel Barroso announced on 31 July a breakthrough in negotiations between Kiev and three international financial institutions (IFIs) over reform of the Ukrainian gas sector to prevent further European gas supply crises. Political agreement has been reached with Ukraine on reform of its gas sector which opens the way for a financial...