Jan 11, 2007

There is Life After Gazprom

"The warnings in Ukraine verged on the apocalyptic when Russia sharply raised prices for natural gas a year ago...But Ukraine's economy leaped ahead, its businesses quickly adapting to the higher costs....unlike Belarus, whose economy is mostly state-controlled, Ukraine's economy was open and flexible when the gas increases hit. And unlike Georgia, Ukraine has diversified industry and alternative resources to fall back on."

Ukraine's economy proves it can survive — and flourish — despite gas price hike.

(Thanks Igor)

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