Thursday, January 1, 2009

Russia-Ukraine Gas Talks Collapse

From The BBC:

Talks to resolve a gas supply row between Ukraine and Russia have failed, raising fears of possible energy shortages across Europe.

Gazprom said gas supplies to Ukraine would be cut on Thursday but that Russia would do its best to guarantee supplies to Europe.

Russian Prime Minister Vladimir Putin earlier said that Ukraine would block supplies to Europe if no deal was done.

Ukraine denies owing money to Gazprom, and says it has guaranteed gas transit.

The European Commission said Ukrainian Prime Minister Yulia Tymoshenko had given her assurances that there would be "no disruption of gas supplies to clients in the European Union".

In an announcement which came before the official deadline for the close of the talks, Gazprom said it would cut Ukraine's supply from 0700 GMT on Thursday.

Read more ....

My Comment: It is going to be a cold winter in some parts of Europe this winter.

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