Intraday Market Thoughts
Ukraine Discount & Russia Premium
by
Mar 3, 2014 17:01
The main reason Russia will insist on keeping Ukraine in “friendly” hands is to secure its Europe-bound gas exports, most of which pass through the Ukraine. A 1/3 of Russia's gas is exports via Ukraine. Russia is far from bankrupt, but it remains eroded by a falling currency and deteriorating current account balance. More charts & analysis
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