Russia's state gas monopoly Gazprom says it's fully cut off supplies to Ukraine after talks on a new purchase agreement failed. Gazprom also increased supplies to other European states, trying to reassure customers worried about possible disruptions.
Gazprom says it cut off supplies to Ukraine because the country is not ready to sign a contract for 2009... a contract with much higher gas prices than last year.
Russia also says Ukraine has failed to pay back its multi-billion dollar debt.
Ukraine has confirmed a steady drop in incoming gas supplies. The news is raising concerns on the streets of the Ukrainian capital, Kiev.
But Ukrainians are not the only ones worrying about the cut-off.
Gazprom says it cut off supplies to Ukraine because the country is not ready to sign a contract for 2009... a contract with much higher gas prices than last year.
Russia also says Ukraine has failed to pay back its multi-billion dollar debt.
Ukraine has confirmed a steady drop in incoming gas supplies. The news is raising concerns on the streets of the Ukrainian capital, Kiev.
But Ukrainians are not the only ones worrying about the cut-off.
