Russia to cut gas if Ukraine does not pay debts: Gazprom

MOSCOW - Russian gas monopoly Gazprom said Tuesday it would cut gas supplies to Ukraine, which transports 80 percent of Russian gas supplies to Western Europe, if Kiev does not pay over a billion dollars in debt this month.
"If the debt is not settled in October, Gazprom will be forced to begin to cut natural gas supplies to Ukrainian consumers," the company said in a statement, putting the amount of debt at 1.3 billion dollars (900 million euros).
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10/02/2007 13:20 GMT