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Caucasus/Russia/Central Asia
Gazprom threatening to cut supplies to Ukraine
2008-12-24
(SomaliNet) Russian gas giant Gazprom is threatening to cut supplies to Ukraine if it fails to pay around two billion dollars in debt.
Have we seen this movie already or is this a sequel ...
Eighty percent of Russia's gas exports to Europe flow through Ukraine and three years ago a similar row between Moscow and Kiev caused serious disruptions in gas deliveries to the EU.

The European Commission says there is no reason for concern this time because Europe and Ukraine now have large reserves.

Russia is also negotiating gas supplies with Belarus. Russian media say Minsk is ready to recognise the independence of the pro-Russian breakaway regions of South Ossetia and Abkhazia in Georgia in exchange for cheaper rates.
Posted by:Fred

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