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Gazprom threatens to cut gas to Ukraine

Gazprom threatens to cut gas to Ukraine

Russia's gas monopolist Gazprom reiterates a threat that Russia will cut gas supply to Ukraine if it does not repay its outstanding debt will Dec. 31.
"If Ukraine doesn't pay off the debt before Dec. 31, Gazprom will have no grounds to continue shipping gas to Ukraine," Gazprom's CEO Alexei Miller said in televised comments.
Miller added that if Ukraine decides to sign a deal with Russia, it would have to pay $418 per 1,000 cu. meters _ which is roughly what other European consumers pay.
Russia and Ukraine have been locked in a dispute over gas payments in the past few months. Gazprom said Ukraine still owes it $2 billion for the shipped gas.
Ukraine is facing a repeat of January 2006 cutoff of Russian gas shipments which led to a reduction of supplies in Europe. It will likely raise worries in the European Union. Gazprom supplies a quarter of the gas used by Europe, and the pipelines that cross Ukraine transport most of it.
Ukraine is scrambling for the money amid a devastating financial crisis and relentless political turmoil.


Updated : 2021-02-28 02:34 GMT+08:00