Masthead graphic based on a painting by Gudrun Thriemer.

Wednesday, December 31, 2008

"Russia to cut gas supply to Ukraine," Al Jazeera, December 31, 2008.

The CEO of Russia's state gas monopoly Gazprom has said Russia will cut off all gas supplies to Ukraine on Thursday morning.

  Paying the debt, plus a proposed Russian increase in tariffs, is likely to prove extremely difficult for Ukraine which was recently forced to seek $14.5bn in aid from the International Monetary Fund.

Alexei Miller said the decision was made after Wednesday's talks on how much Ukraine would pay for natural gas shipments in 2009 ended with no agreement.

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