Russian Energy Giant Claims Ukraine Threatening to Seize Gas

The row between Russia’s Gazprom and Ukraine has apparently escalated as the energy giant has now accused the country of threatening to seize gas that is being transported through pipelines to the rest of Europe.

Gazprom has said it would no longer supply Ukraine with gas if the country didn’t sign a new contract by January 1. Gazprom supplies nearly a quarter of the European Union’s gas needs and their conflict with Ukraine has left many European countries worried that their gas supply could be affected.

According to Gazprom, after they told Ukraine that they would cut their gas supplies if the new contract wasn’t signed the country said they would seize gas being carried through the pipelines. Ukraine a major route for transporting gas and an interruption in the service would hit the rest of Europe particularly hard.

In addition to a contract dispute with Ukraine the energy company has also said the country has failed to pay $1.5 billion owed for gas payments. Ukraine has said they have transferred the money yet Gazprom has said they have not received any payment.

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