🌍 CASE STUDY - International Trade: Russia + Gasprom Flashcards
What has Putin warned the West?
That its energy dependence on Russia could create obstacles if Moscow was not treated as a usual partner in future trade agreements
What is Ukraines dependence on Russian gas?
Russias decision to cut gas flows to Ukraine has highlighted Europes needs to REDUCE its dependence on Russian gas, as the dispute between Moscow + Kiev is far from restored
How much of gas exports to Western Europe are from the Ukraine?
80%
What type of state is Ukraine?
A former soviet state and a transit state
What is a transit state?
A country or state through which energy flows on its way from producer to consumer
Gasprom are the sole supplier to:
- Latvia
- Slovakia
- Germany
In 2006 what we’re it’s annual earnings?
£31.55bn
How has energy given Russia power:
- On an international level
- helped gain geopolitical power
- over for’et soviet stated
Where was there a protest break out?
Nov/Dec 2004, thé Ukraine had what is know as the orange revolution
What did the orange revolution do?
Got rid of the pro-Russian government in FAVOUR of pro-western reformers
What happened in January 2008?
Ukraine gas was cut off by Russia after Russia QUADRUPLED the price of its gas + pro-western governments refused to pay
What happened in March 2008?
Gasprom again cut supplies to Ukraine by 50% over a dispute Gasprom claimed about debt
Why did Gazprom cut Ukraine gas by 60% March 2008?
Because the Ukraine were attempting to join
-NATO
-EU
which angered Russia
Ukraines economic ties to EU and Russia
-Russia gas pipelines to Europe pass through Ukraine
This was made clear 2006 when Russia briefly cut ties
- Ukraine imports most of its oil through Russia
recent disconviniences of dhal has make them lower dependant
- Oil and gas fields in black sea which Kiev hope to export
Revenues before the Ukrainian war
$120 billion
