President Yanukovich's Dubious Deal. CEPS Commentaries, 5 May 2010
Journal: Archive of European Integration (AEI) (University of Pittsburgh)
Year: 2010

One of Viktor Yanukovich first actions after his election as President of Ukraine in February of this year was to negotiate a headline-grabbing but highly dubious deal with Russia, in which Ukraine extended the lease of the Russian Black Sea fleet at Sevastopol for 25 to 30 years in exchange for a 10-year discount off the price of gas. This CEPS Commentary finds the deal highly questionable on political, strategic and economic grounds.