What's Liverpool Rape And Russian Gas Got In Common?

They've both doubled in price in the last couple of weeks!

Russian gas supplies are flowing to Europe again through Ukrainian pipelines after two weeks of cuts and supply disruptions.

But don't go getting carried away that this is the end of the dispute. Ukraine is a very unhappy bunny, being forced by the Russian state-owned Gazprom to pay $360 per 1,000 cu metres for Russian gas compared to $179.50 last year.

On top of that Ukraine's gas prices will be subject to a quarterly review, AND if Ukraine misses one payment to Gazprom it must then pay upfront for supplies thereafter.

You don't have to be Boris Spassky to figure out that poor old cash-strapped Ukraine is going to be defaulting sooner rather than later, sending the whole thing kicking off again.