Monday, December 22, 2008

Russia Warns Over Gas Supply Disruptions To Europe

From Yahoo News/AFP:

MOSCOW (AFP) – Russia on Monday raised the spectre of gas cuts to Europe over the winter, warning that it did not rule out supply disruptions as a result of the dispute with Ukraine over non-payment of debts.

"It is not ruled out that the current position of the Ukrainian side and some of its actions could lead to disruptions in the stability of gas supplies to Europe," First Deputy Prime Minister Viktor Zubkov said in a statement.

Russian energy giant Gazprom maintains that Ukraine's state gas company Naftogaz owes it up to 2.4 billion dollars (1.8 billion euros) in debts and has warned of delivery cuts if the outstanding debt is not cleared.

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