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* Price Ukraine pays for Russian gas to rise 80 pct

 

By selling gas at the 'wrong' price, Russia is only hurting itself.

The Ukraine will eventually adjust by developing alternative sources of power, including its own gas fields.

However, Russia will have surplus gas, and they'll either have to sell it cheaper elsewhere, or their industry will have to take huge losses by reducing production. It's simple economics. Investors understand that Putin is bad for business, and that explains the recent multi-billion dollar losses on the Russian stock market and with currency exchange rates. But hey, it wouldn't be Russia if the Russians' love for their leader wasn't proportional to their level of suffering.

The Ukraine will eventually adjust by developing alternative sources of power, including its own gas fields.

Cat got your tongue, fsb4000?

You guys seem to have SO MUCH TIME to spam 10 ~ 15 other threads, so why not answer my criticism here?

As it stands, Russia's actions are bad for business -- they are hurting themselves economically, and they appear to be driven by emotional, patriotic reasons.

It's easy to check, so why do you bother parroting Russian lies?
Here: http://en.wikipedia.org/wiki/Natural_gas_in_Ukraine (http://en.wikipedia.org/wiki/Natural_gas_in_Ukraine)

* Price Ukraine pays for Russian gas to rise 80 pct

I made no claim about 100% self-sufficiency.
Even a small increase of a few %, including alternative sources such as the coal gasification quoted above, would result in 100s of millions, possibly billions of annual losses for Russian investors. It's huge money.

CHRISTINE LAGARDE: The economy of Ukraine was going in the wall and was heading for disaster.

It’s an economy that needed reforms, that needed profound transformation of its fiscal policy, of its monetary policy, and of its policies on energy, to mention only the key ones. Without the support that they were getting from this lifeline that Russia had extended a few months ago, they were heading nowhere.

In this sense, Russia has been like a heroin dealer. Sometimes you have to be generous to make sure your loyal customer stays addicted and loyal.

The world's largest fast-food chain McDonald's has suspended work in the Crimea.

That doesn't make sense. If Russia doesn't have enough gas because of Japan and China, simply put up the price and suddenly there is enough gas. And more profit. :)

If what you say is correct, and most of the gas is tied up in long-term contracts with Japan and China

yeah but it's their gas, they can raise the price if they want to, others are free to purchase from someone else aren't they

Long-term contracts are with various European nations, not with China / Japan.