Russia and Ukraine fail to reach gas deal ahead of cut-off deadline Russia and Ukraine failed to resolve a gas pricing dispute during Sunday talks in Kiev. Gazprom says its demands have not changed and Kiev is expected to pay its debt of $1.95 billion by 06:00 GMT on Monday, otherwise the gas supply will be stopped. Gazprom's position remained unchanged after EU-brokered negotiations finally ended around 2:30 a.m. Moscow time (10:30 p.m. GMT) on Monday, Gazprom spokesperson Aleksey Kupriyanov told reporters. If Ukraine's gas debt is not paid on time, Russia will be switching to an advance payment system, which will essentially stop gas supply to Ukraine, he added. http://ift.tt/1lEdAoo



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Russia and Ukraine fail to reach gas deal ahead of cut-off deadline

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