Russia cuts off gas to Ukraine after deadline
Posted: Mon Jan 30, 2012 9:52 amRussia cuts off gas to Ukraine after deadline
Posted: 04:45 AM ET
MOSCOW, Russia (CNN) — Russian energy monopoly Gazprom cut off supplies of natural gas to Ukraine after a payment deadline expired Thursday, Russian state television reported.
Gazprom had been threatening the move, saying months of negotiations with Ukraine had failed to resolve the issue outstanding payments. Ukraine owes the energy giant about $2 billion for past natural gas deliveries.
Ukraine also disputes the new price set by Gazprom for 2009 deliveries, which was initially more than double the price from 2008.
Posted: 04:45 AM ET
MOSCOW, Russia (CNN) — Russian energy monopoly Gazprom cut off supplies of natural gas to Ukraine after a payment deadline expired Thursday, Russian state television reported.
Gazprom had been threatening the move, saying months of negotiations with Ukraine had failed to resolve the issue outstanding payments. Ukraine owes the energy giant about $2 billion for past natural gas deliveries.
Ukraine also disputes the new price set by Gazprom for 2009 deliveries, which was initially more than double the price from 2008.