Russia to Cut Gas Supply Shipped Through Ukraine

Russian gas giant Gazprom will cut their gas supply shipped through the Ukraine after accusing the country of siphoning some of the supply following a dispute over a new contract.

Gazprom had stopped supplying Ukraine with gas because of an outstanding $1.5 billion bill and an expired contract. Despite cutting the supply Gazprom continued to send gas meant for other European countries through pipelines in Ukraine. Those pipelines provide about one-fifth of the gas needed by the European Union.

The decision to stop supplying gas to Ukraine on Jan. 1 quickly turned to accusations of gas siphoning when problems arose with the flow of gas in the pipelines. Ukraine has denied the accusations but the gas company appears ready to cut their supplies “by the amount stolen by Ukraine” according to company CEO Alexei Miller.

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