Ukraine and Yuschenko Stand Firm on Gas

Forbes reports that Ukrainian President Viktor Yuschenko has rejected a Russian loan as a means of coping with impending hikes in prices by Russia’s state-controlled Gazprom. According to the article, Gazprom is forcing a 4-fold increase in prices upon the Ukraine. Others have speculated that this action comes as retribution for the defeat of the Kremlin’s candidate in Ukraine’s elections last year, in which Viktor Yuschenko overcame poisoning and election fraud to stymie the Kremlin’s undue influence in that nation.

Congratulations to Ukraine for refusing to become entangled with Russia by accepting the Gazprom loan.

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