Ukraine’s tax hike will strangle the domestic oil and gas sector

Date: 03-10-2015 | Category: Articles, Energy Security, Europe, Geopolitics, In the News, Russia and Eurasia

Ukraine is facing existential challenges, and energy security is one of them. The country is dependent on Russia supplying most of its natural gas as well as uranium fuel for its nuclear reactors.  Under these very difficult circumstances, a government with a holistic view of its strategic security and energy goals would logically develop a policy aimed at encouraging increased domestic oil and gas production.  Unfortunately, Kyiv is doing the opposite. Despite the massive Western support it is receiving, Kyiv is promulgating ill-conceived anti-market policies and hare-brained schemes that are set to make matters worse – much worse. http://www.naturalgaseurope.com/ukraines-tax-hike-will-strangle-domestic-oil-and-gas-sector-22596 By Ariel Cohen Natural Gas Europe March 10, 2015

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