Negotiations between Russia, Ukraine, and the European Union regarding Russia's supply of natural gas to Ukraine collapsed again Tuesday.
Despite another stalemate in the discussions, the three parties will resume talks next week. Until then, the gas taps in Ukraine will remain closed.
Money Morning's Global Energy Strategist Dr. Kent Moors joined CCTV again last night and detailed the enormous impact these failed negotiations are having on both countries.
Here's who has the most to lose if a deal isn't reached soon...
More from Dr. Kent Moors: Something is now afoot in the Pacific Northwest that will change how we think about pricing oil - and provide a range of fantastic opportunities for investors. Make no mistake: The U.S. oil export surge is coming...