Financial Times FT.com

Russia prepares to turn off gas to Ukraine

By Neil Buckley in Moscow, Raphael Minder in Brussels and Roman Olearchyk in Lviv, Ukraine

Published: December 30 2005 20:02 | Last updated: December 30 2005 20:02

Russia was on Friday night preparing to turn off gas to Ukraine on Sunday for the first time since the collapse of the Soviet Union, posing a threat to the stability of supplies to western Europe.

Moscow stuck to demands on Friday for a nearly five-fold increase in the price Ukraine pays for Russian natural gas in a move to eradicate subsidies.

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