Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> World
UPDATED: 09:07, December 26, 2005
Russia warns Ukraine against siphoning off Europe-bound gas
font size    

Russian natural gas giant Gazprom said on Sunday it may take Ukraine to an international court if the former Soviet republic uses gas intended for European clients from a pipeline running through its territory without permission.

"Eighty percent of our gas transits through Ukraine, which was the motive behind our Ukrainian colleagues' decision to start to blackmail us ... But we are ready to go to the Swedish court in the event of Ukraine's unsanctioned use of gas," deputy chairman Alexander Medvedev told Channel One television, referring to the Stockholm International Court of Arbitration, which acts as a neutral body for resolving East-West trade disputes.

Ukraine buys Russian gas at a discounted price of 50 US dollars per 1,000 cubic meters, but Russia has asked Ukraine to pay more than quadruple the current price and offered cash payments for gas transit.

Ukraine said it is willing to switch to market prices for Russian gas but insisted it needs a transitional period to adjust its economy.

Medvedev repeated previous warnings that the company will shut the taps for Ukraine at 10:00 a.m. (0700 GMT) on Jan. 1 if no deal is struck with Ukraine by then.

"Time is running out for Ukraine to make a decision," he said.

The feud over gas prices between the two former Soviet republics has raised fears that supplies could be suspended.

Gazprom has suggested Ukraine uses shares in its gas transport system as payment for gas supplies if it doesn't have enough cash on hand, but the head of Ukrainian national gas company, Naftogaz Ukrainy, rejected the proposal on Sunday.

"We see no need to hand over control over our gas transportation system to anybody. Ukraine is capable of managing it effectively. The status of the gas transportation system will remain unchanged," company chairman Oleksiy Ivchenko said, quoted by the Interfax news agency.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Russia, Ukraine fail to cut deal on gas at Moscow meeting

- Russia to ensure gas supplies to Europe

- Ukraine withdraws last troops in Iraq

- Russia raps Ukraine for politicizing over gas row


Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved