Russia Cuts Off Natural Gas To Ukraine

Vladimir Putin

Russia on Monday cut gas supplies to Ukraine as a payment deadline passed and negotiators failed to reach a deal on gas prices and unpaid bills amid continued fighting in eastern Ukraine.

The decision does not immediately affect the gas flow to Europe, but could disrupt the long-term energy supply to the region if the issue remains unresolved, analysts said.

Gazprom spokesman Sergei Kupriyanov said that since Ukraine had failed to pay anything for the gas by Monday, from now on the company would demand advance payment for any future deliveries.

(Read the rest of the story here…)

Do NOT follow this link or you will be banned from the site!