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Magyar Nemzet - Hungary | Wednesday, January 7, 2009

Ukraine is taking a huge risk

The conservative daily Magyar Nemzet fears that Ukraine could end up as the big loser of the gas dispute. "Ukraine needs to grasp the following: It can't open up to the West on the one hand and continue to hang on Russia's apron strings - as it did in Soviet days - at the same time. ... For its part Europe can't simply abandon Ukraine, which is on the brink of ruin, to its fate. But it is becoming increasingly clear to the EU that in order to secure its energy supplies, in addition to the planned Nabucco pipeline it also needs the Russian North Stream and South Stream pipelines currently under construction. Kiev is therefore taking a great risk: If the plans for these [pipelines] go ahead, it will not only lose import transit revenues, it is also likely to lose the active support of its big brother, the United States."

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