Ukraine’s gift and curse
Published: Monday, 23 August 2010
Some of Europe’s richest mineral resources lie in the middle of an energy resources super-highway from Russia into Europe. This route has given Ukraine an abundance of cheap gas that has underpinned its economy. It is an asset that has attracted many, and one that could be its undoing
Cheap energy, namely gas, has been Ukraines strongest
lure since the break-up of the Soviet Union. Businesses and
homeowners alike have enjoyed prices that are a fraction of the
cost paid by the rest of Europe.
The countrys close relationship with Russia has yielded
cut-price energy in return for a...