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June 20, 2014 AT 8:20 AM
In the coming fortnight, tensions between Ukraine and Russia enter a new phase following Russia’s decision to throttle back the amount of gas it provides to Ukraine. The decision underscores that the Kremlin views energy supply as a key component of its foreign policy, and in the case of Ukraine, energy has proven to be a particularly effective lever. EU nations have urged Ukraine to make a substantial down payment on the debt it already owes Russia for gas, and thanks to a new bailout agreement with IMF it should be able to do so.