Russia Stops Gas Supplies to Ukraine
Russian’s natural gas company Gazprom stopped its supply of gas to Ukraine after Ukraine failed to solve the disputes of debts which raised concerns over the European supplies. Sergei Kupriyanov said to the reporters in Moscow that Gazprom has cut down its supplies to Ukraine by almost 25 %. However, Gazprom is ready to supply in full to the European consumers he said. Russia has described this argument as a business dispute whereas Ukraine has blamed Russia for forcing energy to uphold its regional pressure. These arguments boom Gazproms discontinuation of gas supplies to Ukraine that disturbed the exports to EU.
Leader of research at the Renaissance Capital in Ukraine said that the gas stores in Ukraine are not enough to survive the cuts in particular during the present serene weather. Andris Piebalgs the energy commissioner of EU said that gas supplies in Europe are not at risk. As Russia will provide Ukraine will transfer. Viktor Yushchenko the Ukrainian President insisted on Yulia Timoshenko the Prime Minister and the head of Naftogaz, Oleh Dubyna to make sure that successful discussions with Russia will not arouse a dispute over the gas problem. Timoshenko had needed to refuse the gas deal with Russia that both the presidents has agreed on 12th of February, avoiding the stoppage of gas supplies by Gazprom.
As Dmitry Medvedev, the chairman of Gazprom won the presidential elections recently, he promised to carry on the policies of defending the interests of Russia being implemented by Putin by all possible measures. The relationship between Ukraine and Russia worsened since 2005 when Yushchenko took over the office as he promised to created good relations with NATO and EU. The gas prices have climbed up since then up to 179.50 dollars. On 7th February, Gazprom declared its first threat to cut down gas supplies to Ukraine after Ukraine had won the consent in the WTO two days before the declaration.
Ilya Savvin said that Naftogaz is revising a new proposal from Gazprom and is about to send an assignment to Russia. In the last week Gazprom demanded repayment of gas debt, consent to further gas supplies and sign a deal for the supply of fuel from Ukraine or else risk the cuts of gas supplies thereby. Chief strategist of UralSib Financial Corporation Chris Weafer said that Ukraine is in a better situation to possess a prolonged argument. Timoshenko is willing to transform the present situation of the agreement. Gas supplies to Ukraine were cut down by 35 % or 46 million cubic meters per day said Savvin.
Gazprom has demanded Ukraine to agree to the formation of these two companies in order to control the gas business by substituting RosUkrEnergo the only gas company that permitted to import gas to Ukraine. Naftogaz and Gazprom equally share the rights of the innovative companies. RosUkrEnergo is mainly owned by both Ukraine and Gazprom. As Gazprom stopped its gas supplies to Ukraine, Germany’s natural gas supplier E.ON has anticipated maintaining normal supplies to its customers in Ukraine. Astrid Zimmermann refused to remark on whether E.ON has observed any changes in its gas supplies. He said that the E.ON draws gas from a number of resources.
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