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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Tommaso who wrote (43781)	1/3/2006 4:21:03 PM
From: mishedlo	Read Replies (1) of 116555

Contract Terms? Mr. Goncharuk also asserted Ukraine has a right to withdraw additional gas from the pipelines in lieu of transit fees from Russia under a barter agreement in force in 2005. "Ukraine considers if we have not arrived at any agreement, the old one is in effect; Russia side rejects these arguments," Volodymyr R. Sidenko, chief economist at the Institute of Economic Forecasting in the Ukrainian Academy of Sciences, said. Under the 2005 contract, negotiated before the Orange Revolution brought a pro-Western government to power in Kiev, Ukraine pays $50 per 1,000 cubic meters. Gazprom is asking for $220 to $230 per 1,000 cubic meters now, about double what most other former Soviet states pay. nytimes.com ========================================================================================+ I do not know the terms of the contract Someone on the FOOL said 2009 but I do not know if that is true or not

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