December 25th, 2013
10:54 AM GMT
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(CNN) - Ukraine's energy dependence on Russia's natural gas is a key factor in Ukrainian politics. CNN's John Defterios explains why.



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soundoff (One Response)
  1. Jacob Schonberg

    Europe does not depend on the gastubes across Ukraine! Because 2 new tubes were laid in the baltic sea , and because Europe take less gass from Russia anyway. Lastly Europe store much more gas now! I believe Russia is more dependent on selling to EU than EU is dependent on Russia. The deal Janokovytj made with Putin is all about the election in 2015. 1 The lower gasprice will stop all efforts to make Ukraine more independant , 2 the loan from Russia is only for 2 years. That is not a generous help when Ukraine will have a much bigger problem in 2016 then. This Russian deal will NOT make the Ukraenian exports stronger, because app 25 % exports allready go to Russia, the improvement will be marginal. but the export to EU will NOT improve and this is much more important as EU take more than 50% of Ukraine exports. It is clearly seen that the cheaper gass price is not really making up for the lost opportunity with EU. Both Ukraine and Russia would be better of with the EU association deal,. This is not about Ukr-aine economy , this is all about the reelection of Janokovytj + the distribution of the biggest interprices in Ukraine to the "family" many greetings Jacob Schonberg

    December 29, 2013 at 9:58 pm |

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About Global Exchange

Global Exchange explores how emerging markets are impacting and influencing the global financial community, at a time when business is a vital driver of the international news agenda.

Global Exchange is presented live from Abu Dhabi by emerging markets editor, John Defterios, who will be joined by CNN correspondents from around the world.

Global Exchange also includes the “GX20,” a global hotlist of some of the world’s biggest economic thinkers. The GX20 will be drawn from the key emerging markets, from across China, Russia, India and South Africa, contributing to the show and this blog.

Watch on CNN International Sunday to Thursday:

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Follow the show on Twitter @CNNGlobalEx and use the #CNNGlobalEx hashtag to join the conversation.

 
 
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