Posted on 04/04/2014 10:06:45 AM PDT by Brad from Tennessee
MOSCOW, April 4 (Reuters) - Russia's top natural gas producer, Gazprom, will eventually lose more than it gains from raising the gas price for Ukraine by 80 percent, analysts said on Friday, predicting Kiev would cut purchases and fail to pay in full.
Gazprom on Thursday announced a price rise for Ukraine to $485 per 1,000 cubic metres, the second increase in three days. The $485 price is the highest of any Gazprom customer and compares with around $370 on average for clients in the European Union.
Ukrainian Prime Minister Arseny Yatseniuk said the increase, two weeks after Moscow annexed Ukraine's Crimea region, was unacceptable and warned he expected Russia to step up pressure by limiting supplies to Ukraine.
"Even if the price is legally justified, it would hurt Gazprom's image, will hit capitalisation and, indirectly, the whole Russian stock market," Valery Nesterov from Sberbank CIB said.
Analysts including Nesterov estimated that Gazprom could lose around $2 billion this year from the move. . .
(Excerpt) Read more at reuters.com ...
Analysts often have their heads up their hindquarters.
Hence the name.
The EU said they will sell gas to Ukraine at about $400/1000. So they’re playing with their market.
I never noticed that—anal-yst.
It's anal cyst, the "c" is silent.
LOL!
KGB Putin’s Neo-Soviet imperialism costs the Russian people a lot of money while Putin himself has become one of the richest men in the world hiding his dirty money in Switzerland and Lichtenstein.
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