'50-50' Chance Russia To Cut Nat Gas To Ukraine On Jan 1

50-50 Chance Russia To Cut Nat Gas To Ukraine On Jan 1
Δευ, 29 Δεκεμβρίου 2008 - 13:27
There is a "50-50" chance that Russia will cut off gas supplies to Ukraine on Jan. 1 over Kiev's failure to pay its debts, Russian energy giant Gazprom said Saturday.
There is a "50-50" chance that Russia will cut off gas supplies to Ukraine on Jan. 1 over Kiev's failure to pay its debts, Russian energy giant Gazprom said Saturday.

"I think it's 50-50," Gazprom spokesman Sergei Kupriyanov told radio station Moscow Echo in an interview, when asked if Russia would cut gas deliveries or the two sides would clinch a last minute deal.

Gazprom says that Ukraine's state gas company Naftogaz owes it some $2 billion for gas delivered in November and December. It also says Kiev has warned Gazprom it will be unable to repay the debt by the end of the year.

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