Friday, November 27, 2015

How to win energy battle?

Ukraine is facing two existential crises: the war in the east and troubled economy. Now is the time for Ukraine to press hard on energy reform because Russia uses energy to exert influence over Ukraine and the energy sector has been a black hole of corruption in the country.
Ukraine is dangerously dependent on energy import - less than half of total gas consumed was extracted inside the country and the rest was imported from Russia. A majority of crude oil and oil products were imported from Russia and Belarus. Coal was the only source extracted inside the country in large enough quantities to supply the nation, but situation have dramatically changed since the beginning of the military conflict in Donbass. Read more at http://www.atlanticcouncil.org