Russia has totally cut off all gas supplies to Ukraine in an escalation of the dispute between the countries. Gazprom, the Russian supplier of Ukrainian gas is said to be owed a total of $4.5bn, and it wants a payment of $1.95bn today. If the payment had been made by 0600 this morning GMT, Gas would have continued to flow from Russia.
Talking to the BBC Ukrainian Energy Minister Yuri Prodan said.
“Gas supplies to Ukraine have been reduced to zero,”
Gazprom had previously issued several warnings and has now moved to pre-payment from the Ukrainian company Naftogas that is the middleman for all supplies piped into the Ukraine.
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LOL. Now, about the Petrodollar. hmmm
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