Despite fist fights and smoke bombs within the parliament building as well as protests outside the Supreme Rada, Ukrainian legislators yesterday ratified the controversial Russian-Ukraine base-for-gas agreement. According to the deal's provisions, in exchange for Moscow accepting lower prices for Ukraine's gas purchases, the Russian Navy can remain at its Sevastopol base in the Crimea for another 25 years after the current lease expires in 2017. Ukrainian protesters attacked the new government under President Viktor Yanukovych for allegedly "trading sovereignty for gas."
While the precise amount of revenues that Russia will forego by subsidizing gas sales to Ukraine will depend on world energy prices, it will likely reach several billions of dollars annually. However, retaining the Sevastopol base will allow Moscow to save some money by scaling down construction at the new base for the Black Sea Fleet at the Russian port of Novorossisk. ...
To read the rest, sign up to try World Politics Review
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $11.99 monthly or $94.99/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- Saudi Arabia’s Wahhabi Folly: Domestic Crackdown, Global Export
- Syriza’s Rise Will Test Greece and EU, but the Euro Is Safe
- Strategic Horizons: U.S. Must Be Prepared for Life After Putin, Even if Russia Isn’t
- Strategic Horizons: The Paris Attacks and the Logic of Insurgency
- Despite Tougher Policy, France’s Hollande Still Seeks Solid Russia Ties