`We are Not Going to Pay 500 USD Per Thousand Cubic Meters of Gas Yatsenyuk ‘

#AceFinanceNews – BERLIN – May 28 – Ukraine’s government-appointed Prime Minister Arseniy Yatsenyuk has confirmed that Ukraine is ready to sue Russia at the Stockholm Chamber of Commerce Arbitration Institute over its dispute over gas prices.

“We are not going to pay 500 USD per thousand cubic meters of gas,” Yatsenyuk told an energy security conference in Stockholm.

“No one has the right to use gas as a political weapon. At the same time, Kiev admits there is an outstanding debt,” Yatsenyuk said.

 

Gazprom’s Chief Alexei Miller said that Ukraine’s outstanding debt for Russia might reach 5.2 billion dollars by June 7.

#ANS2014 

 

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` Sweden’s Government Increases Defence Spending by $830 Million for First-Time Since Collapse of Soviet Union ‘

#AceFinanceNews – STOCKHOLM – April 28 – Following the crisis in Ukraine, Sweden’s government has proposed increasing the Nordic country’s military spending by 5.5 billion Swedish kronor ($830 million) a year.

The four-party centre-right coalition said Tuesday it is deeply concerned by the recent events in Ukraine and wants to raise the military outlays gradually in coming years to reach the proposed figure by 2024.

Among other things, it wants to buy 10 more fighter jets and two more submarines to improve the defence of the Baltic Sea and the island Gotland.

After the Soviet Union collapsed in 1991, Sweden’s defence budget was slashed and its military emphasis shifted toward international peacekeeping operations. Now, however, both the left-leaning opposition and the government agree that the country’s military readiness is inadequate.

#AFN2014

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