Ukraine President Viktor Yushchenko said his country may owe Russia no less than $2 billion to $2.2 billion by the end of the year for natural gas deliveries should supply accords not be revised, Delo reported.
Ukraine’s President Viktor Yushchenko urged the government not to restructure the foreign debt of state-run energy company NAK Naftogaz Ukrainy and to stop “secretive” loan talks.
NAK Naftogaz Ukrainy, Ukraine’s state-run energy company, is seeking government guarantees on loans it need to pay for storing Russian gas this year.
A billionaire chocolate magnate is sure he’s the man to hold Ukraine together as gun-toting separatists threaten to rip it apart.
Ukraine’s Constitutional Court overturned restraints on presidential power approved during the Orange Revolution, strengthening the authority of current head of state Viktor Yanukovych .
Ukraine is widening a rift with the West by stopping jailed opposition leader Yulia Tymoshenko from taking her case to the European Court for Human Rights, her daughter said.
"In exchange for cheap gas, which leaves the economy uncompetitive, they put at risk the most sacred thing for every nation: its independence."
- Viktor Yushchenko on Apr 27, 2010