Ukraine Rejects Gas Price as Putin Waits on Prepayment
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Ukraine is reducing gas imports and halting payments for natural gas imports from Russia over price “aggression” before the world’s biggest exporter of the fuel cuts supplies, raising the risk of disrupted flows to Europe.
Ukraine won’t buy gas to pump into underground storage for the heating season or pay for March imports until a price agreement is reached, Energy Minister Yuri Prodan said in Kiev today. Russian President Vladimir Putin told his cabinet today to wait for further talks with Europe and Ukraine before demanding prepayment for supplies to Ukraine, which owes more than $2.2 billion for gas it imported through March.