NEWSLINK: Russia’s Gazprom reduces gas to Ukraine after deadline passes

[“Russia’s Gazprom reduces gas to Ukraine after deadline passes” – Maria Kiselyova, Denis Pinchuk – June 16, 2014]

Reuters reports on Russia’s move to ratchet back gas flows to Ukraine, with potential also to impact Russian gas supplies to the EU:

Russian natural gas exporter Gazprom reduced supplies to Ukraine on Monday after Kiev failed to meet a deadline to pay off its gas debts in a dispute that could disrupt supplies to the rest of Europe.

Announcing that Ukraine will now only get gas it pays for in advance, Moscow put the onus on its neighbour to guarantee the European Union receives supplies that transit through Ukraine.

Kiev and Moscow failed to agree overnight on the price of future gas deliveries … Talks were already difficult but were also clouded by the worst political crisis between Russia and Ukraine since the Soviet Union collapsed …

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