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Financial Times: Ukraine's $1 billion deal that never was

Author: Roman Olearchyk All articles by this author

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Nov. 27, 2012 20:13
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“This is a historic moment… We’ve taken the first really big step in securing Ukraine’s energy independence,” Ukraine's prime minister Mykola Azarov announced proudly in Kiev, and ordered construction to begin on a project involving the building of Ukraine’s first LNG terminal.
Photo by kmu.gov.ua

Ukraine’s government on Monday rolled out the red carpet for a highly-publicised signing ceremony for a landmark energy deal.

But the event, attended by Prime Minister Mykola Azarov and Energy Minister Yuriy Boyko, quickly spiralled into a fiasco, with denials and confusion over what has actually been signed – and by whom. 

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