Sunday, March 1, 2015

Lithuania signs US deal to replace Russian gas

This article quickly summarizes Lithuania's signing with the United States to receive natural gas from the US as a replacement for Russian natural gas. The story's main points highlighted that Lithuania will be the first post-cold war Baltic country to be importing natural gas from a country other than Russia. The article also implies that it is likely for the other Baltic countries such as Latvia and Estonia are likely to follow Lithuania's suit as a result of the Russia's recent actions in Ukraine the Baltic countries are looking to move away from dependence on Russian resources. As the Vladimir Putin continues to push the Russian economy to its limits by forcing international sanctions to be placed against them now other countries are starting to back away from economic deals with his country which will further hurt the economy. Hopefully, this new deal will cause Putin to realize that he cannot continue to hurt his economy like this and he will pull back his influence from Ukraine.

Michael Johnson
http://www.rte.ie/news/2015/0228/683563-lithuania-united-states-natural-gas/

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