Financial Times FT.com

Energy Security

Russia threatens to cut gas supply to Ukraine

By Roman Olearchyk in Kiev and Catherine Belton in Moscow

Published: February 8 2008 02:52 | Last updated: February 8 2008 02:52

Russia’s Gazprom threatened on Thursday to cut off a quarter of Ukraine’s gas supplies within days over non-payment of debts, as another possible energy stand-off between the nations loomed.

Speaking on Russia’s Vesti television channel, Sergei Kupriyanov, a spokesman for the state-owned energy group, said debt for gas supplied to Ukraine last month had swollen by $500m (€346m, £258m), bringing the total overdue to $1.5bn.

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