Middle East Economic Survey

VOL. LIII

No 17

26-April-2010

CASPIAN

Ukraine Gets Russian Gas Reprieve With Amendments To Gas Supply Agreement

Ukraine and Russia appear to have come to a new understanding with the signing in Kharkyv, Ukraine, on 21 April of amendments to the natural gas supply accord agreed last year. The new terms will give Ukraine a discount on its purchases of natural gas from Russia. In return, Moscow has won a 25-year extension on the lease for the naval base in Sevastopol, home...