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Gazprom: Russia to cut gas supplies to Ukraine

Gazprom: Russia to cut gas supplies to Ukraine

The CEO of Russia's state gas monopoly Gazprom says Russia will cut off all gas supplies to Ukraine on Thursday morning.


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MOSCOW (AP) - The CEO of Russia's state gas monopoly Gazprom says Russia will cut off all gas supplies to Ukraine on Thursday morning.

Alexei Miller says the decision was made after Wednesday's talks ended with no agreement on how much Ukraine will pay for natural gas shipments in 2009. He also says Gazprom has not yet received
the money Ukraine said it transferred to cover its debt. Gazprom says Ukraine owes $2.1 billion.

Miller says Gazprom will do its best to make sure European consumers receive their gas on time. Most of the gas Russia supplies to Europe goes through Ukraine.

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View More: Business_Finance, Ceo, Europe, Gas Supplies, Gazprom, Moscow, Natural Gas Shipments, Russia, State Gas Monopoly, Ukraine
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