Denis Pinchuk

1 month ago | worldenergynews.com | Katya Golubkova |Pavel Polityuk |Denis Pinchuk |Joseph Keefe

Ukraine has cut Russian gas imports and Gazprom cannot afford to lose Ukraine. Ukraine has a stronger hand to play at talks with Russia on gas supplies thanks to the fall in oil prices, which has dragged down gas prices, and after showing it can live on less. Neither side wants to give way at talks on a new supply deal that are expected to start soon -- but both need each other. Russia, in financial crisis, needs the Ukraine market and the revenue it sends to the budget.