Raises the price on Ukraine.
Vladimir Putin hasn’t been the least bit deterred by Barack Obama’s empty rhetoric and weak sanctions. Indeed, he’s still putting the screws to Ukraine. Reuters reports, “Russian natural gas producer Gazprom announced a more than 40 percent increase in the price of gas for Ukraine on Tuesday, stepping up economic pressure on Kiev in its crisis in relations with Moscow.” That could force Ukraine to look to Europe, though it would be a good move for the U.S. to seize the opportunity to sell them natural gas. That would be the best medicine for Putin’s gas pains.
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