Ukraine agreed to almost double the price it pays Russia for gas, settling a dispute that cut shipments to Europe and damaged Russian President Vladimir Putin's reputation as a reliable energy supplier.
The former Soviet republic will pay an average $95 per 1,000 cubic meters for the fuel for five years, up from $50 under a previous arrangement, OAO Gazprom, Russia's state-owned natural-gas monopoly, said in Moscow today.
I wonder if they drank a toast and clapped each other on the back. Russia could have gotten this deal at any time without riling Europe. So they don't get anywhere near their $230 and they don't get any control over the pipelines in Ukraine and they've got Europe considering nuclear power. Sounds like a very successful round of negotiations, doesn't it?