Concorde Capital’s Alexander Paraschiy writes: “The chance that the Ukrainian and Russian gas monopolies will be able to reach any agreement by the end of 2019 looks negligible

Concorde Capital’s Alexander Paraschiy writes: “The chance that the Ukrainian and Russian gas monopolies will be able to reach any agreement by the end of 2019 looks negligible…the only way for the Ukrainian side to secure transit of Russian gas in 2020 is to make EU-based traders purchase natural gas from Russia at the Russian-Ukrainian border. In this way, Naftogaz will not have to deal with Gazprom at all…So far, we see a high chance that volumes of Russian gas transit through Ukraine will plummet as of 2020, depriving Ukraine of more than $1 billion in export revenue.”