Highlight: GAS MARKET
Late February was marked by the victory celebration at the Ukrainian gas market as Ukrainian Naftogaz won the case on gas transit against the Russian Gazprom at the Stockholm Arbitrage Court. Together with almost USD 2 bn that the Naftogaz owes the Gazprom in the gas case, the Naftogaz net win is USD 2.6 bn. However, already on March 1, 2018, Russia used the same tactic against Ukraine as it did in 2009: refusing to supply gas to the country. Ukraine faced gas shortage.