Tuesday, June 24, 2014

Kiev Doubles The Price Of Cold Water, Shuts Off Hot Water

http://www.zerohedge.com/news/2014-06-23/kiev-doubles-price-cold-water-shuts-hot-water


No one ever thinks about the water.. until they have to. Hours ago, thelocal gas company in Kiev (Kyivenergo) announced that they would be shutting off the hot water supply to most of the city. While the official reason for the hot water shutoff is that Kyivenergo (the energy supplier to Kiev) owes a debt to the Ukrainian state gas company (Naftogaz) of over $100 million; it’s just a quirky little coincidence that this debt suddenly became materially important only one week after Russia shut off natural gas supplies to Ukraine. Funny thing is that Ukrainian politicians for years had been telling people not to worry about this. Clearly this turned out to be a big fat lie.

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