MOSCOW (Dow Jones)--Russian gas monopoly OAO Gazprom (GAZP.RS) has lost $1.1 billion in revenue from European exports since Jan. 1 as a result of its dispute with Ukraine, the Interfax news agency cited President Dmitry Medvedev as saying Wednesday.
"Our country can't lose that kind of money," Medevev said during a meeting with Gazprom Chief Executive Alexei Miller.
Russia says it is unable to send gas to Europe as Ukraine is blocking its transit route and has previously stolen gas heading in that direction.