Gazprom warns Ukraine on debt

Russian natural gas exporter Gazprom warned yesterday that it would cut off supplies to Ukraine on Monday if it failed to pay off part of its gas debts, raising fears of disruptions in gas flows to Europe.

Chief executive Alexei Miller said that if Ukraine failed to pay $1.95bn (£1.16bn) of its $4bn debt to Gazprom it would start requiring Kiev to pay in advance for further shipments and that if it did not receive any money at all, it would cut off supplies.

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