Russia gas firm cuts supplies to Ukraine - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Russia gas firm cuts supplies to Ukraine

Posted: Updated:
Russian state-owned gas firm Gazprom says it has cut off supplies to Ukraine after negotiators failed to resolve a payment dispute before a key deadline expired. (Source: CHANNEL ONE/CNN) Russian state-owned gas firm Gazprom says it has cut off supplies to Ukraine after negotiators failed to resolve a payment dispute before a key deadline expired. (Source: CHANNEL ONE/CNN)
  • InternationalMore>>

  • 2 Americans detained in North Korea seek US help

    2 Americans detained in North Korea seek US help

    Friday, August 1 2014 7:23 PM EDT2014-08-01 23:23:47 GMT
    Two American tourists charged with "anti-state" crimes in North Korea said Friday they expect to be tried soon and pleaded for help from the U.S. government to secure their release from what they say could be long...
    Two American tourists charged with "anti-state" crimes in North Korea said Friday they expect to be tried soon and pleaded for help from the U.S. government to secure their release from what they say could be long prison...
  • Ebola moving faster than control efforts

    Ebola moving faster than control efforts

    Friday, August 1 2014 6:50 PM EDT2014-08-01 22:50:46 GMT
    Presidents from the West African countries hit by the Ebola outbreak are meeting with world health leaders to come up with ways to stop the spread of the deadly disease.
    An Ebola outbreak that has killed more than 700 people in West Africa is moving faster than efforts to control the disease, the head of the World Health Organization warned as presidents from the affected countries met...
  • Israel pushes deeper in Gaza after soldier seized

    Israel pushes deeper in Gaza after soldier seized

    Friday, August 1 2014 4:56 PM EDT2014-08-01 20:56:05 GMT
    A three-day cease-fire in the Gaza Strip has gone into effect following heavy Israel-Hamas fighting.
    Backed by tank fire and airstrikes, Israeli forces pushed deep into southern Gaza on Friday, searching for an Israeli army officer believed to be captured by Hamas fighters during deadly clashes that shattered an...

HONG KONG (CNN) - Russian state-owned gas firm Gazprom says it has cut off supplies to Ukraine after negotiators failed to resolve a payment dispute before a key deadline expired.

Representatives from Ukraine, Russia and the European Union held meetings over the weekend in an effort to avert the crisis, but no agreement was reached.

Gazprom said Monday that Ukraine's total debt is $4.5 billion. The state-owned gas firm will now only deliver gas that Ukraine has paid for in advance.

"At this moment no payments for old debt or June were paid," said Sergey Kupriyanov, Gazprom spokesman. "All charts show zeroes."

Both sides said they have filed claims with an international arbitration court in Stockholm.

While Gazprom hiked the price it charges Ukraine by about 80 percent to $485.50 per thousand cubic meters of gas in April, some concessions have been offered during recent talks. Gazprom charged European countries an average of $377.50 per thousand cubic meters in 2013.

The gas dispute between Moscow and Kiev has escalated as relations between the two countries have deteriorated.

Europe and the U.S. have imposed sanctions on Russia for its annexation of Crimea, while analysts have accused Russia of using natural gas supplies as a political tool.

In recent weeks, violence has again flared in eastern Ukraine as government forces clashed with pro-Russian militants. The military conflict was clearly having an effect on gas negotiations.

"We will not subsidize Russian Gazprom," Ukrainian Prime Minister Arseniy Yatsenyuk said Monday. "Ukrainians will not take out of their pockets $5 billion annually for Russia to use this money to buy weapons, tanks and jets and bomb Ukrainian territories."

Europe relies on Russia for more than 30 percent of its gas, and half of that is pumped through Ukraine. Analysts worry that a disruption in supplies to Ukraine could hurt European companies and households.

Kupriyanov said Monday that "gas designated for European consumers is flowing in full accordance with the contract's figures."

Copyright 2014 CHANNEL ONE via CNN. All rights reserved.

Powered by WorldNow

310 Broadway
Cape Girardeau, MO 63701

FCC Public File
publicfile@kfvs12.com
573-335-1212
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KFVS12. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.