The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine’s ousted president Viktor Yanukovich, has coincided with a sharp escalation in the country’s political crisis that pits the West against Russia.
Firtash has said his detention is unfair and “without foundation” and he has accused Washington of acting for “purely political reasons”, though U.S. and Austrian authorities have denied any link to the current Ukraine crisis.
Ukraine, Gazprom and the Return of Dmytro Firtash
Now, Dmytro Firtash looks poised to once again make millions through purchasing Russian gas, as he will be able to sell any surplus after the winter at a much lower price than Naftogaz could ever afford. Faced with the prospect of Gazprom bypassing the Ukrainian government and working directly with their business allies in the country, President Yanukovych and his administration now have more incentive than ever before to work towards reforming Naftogaz while simultaneously diversifying their energy sources.