Russia threatens to cut Ukraine gas supplies

Rappler.com

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Photo by Mikhail Klimentyev/AFP

Russian President Vladimir Putin warned leaders of 18 European countries that Russia could cut gas supplies to Ukraine. This posed a threat Europe because Russia “meets 30% of Europe’s natural gas demand and half of its gas transit to the EU goes through Ukraine,” according to Reuters. In a letter, Putin said if Ukraine fails to settle its 1.6 billion euro energy bill, natural gas giant Gazprom would be “compelled to switch over to advance payment for gas deliveries, and in the event of further violation of the conditions of payment, will completely or partially cease gas deliveries.” He suggested, however, that Moscow and Brussels work together to help restore the ex-Soviet country’s battered economy.


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Read related stories on Reuters and the Washington Post.

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