Intraday Market Thoughts

Ukraine Discount & Russia Premium

by Ashraf Laidi
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

Ukraine Discount & Russia Premium - Swiss Yen Change Mar 3 (Chart 1)


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