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Russia: Gas Monopoly Flexes Muscles… Again

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In last Thursday's Taipan Insider, I talked about the current dispute between Russia and Ukraine over natural gas supplies. Since this latest row began, supplies to Eastern Europe have been nearly non-existant. And major Western European countries were starting to feel the pinch, too. Some countries were even forced to dip into reserves, this being the onset of the bitter winter season. Now, Russia says it will resume supplying natural gas tomorrow morning. This is only after a monitoring deal has been agreed to by both parties and mediated by the European Union. Still, it may be a while, reports the BBC, before supplies return to normal. The overnight low temperature in Prague, Czech Republic, tonight is 15 degrees fahrenheit.
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