The Phaserl


Russia Gazprom warns Kiev on gas cut

from Press TV:

Russia’s Gazprom has threatened to cut natural gas supplies to Ukraine if Kiev fails to pay part of its over USD 3.5-billion debt before June 3.

Alexey Miller, the CEO of state-controlled Russian gas exporter, said on Wednesday in a meeting with Russia’s President Vladimir Putin that the company would reduce gas supplies if Kiev fails to pre-pay for next month’s supplies.

“If Ukraine does not pay by 10 a.m. on Tuesday, June 3, gas supplies will be reduced,” said Miller.

In addition, Miller said that Ukraine consumed some USD 1.7 billion worth of gas in May. The consumption will raise Kiev’s total gas debt to USD 5.2 billion by June 7.

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