Gazprom - Naftogaz Ukrainy Dispute: Business or Politics?
Introduction
Argentine Economy Minister Felica Miceli called the agreement "a triumph of cooperation and common work,"and urged further steps to strengthen Mercosur, but some analysts were critical of these moves to restrict trade and felt it was not in line with the idea of a Customs Union4 (CU) at all (Refer Exhibit II for stages of economic integration).
The message was clear - it had decided to go ahead with its threat to cut off gas supplies to Ukraine.
Within hours, more than half-a-dozen countries in Europe reported reduction in the gas supplies received at their terminals (Refer Exhibit I for Gazprom's gas exports to Western Europe and Exhibit II for Russian gas exports to Europe transiting through Ukraine and other countries)........
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