Russia will cut gas supplies to Belarus by 85 %

21/06/2010 10:28 Natural Gas

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Russian gas giant Gazprom declared on June 18 that they are ready to cut the gas supplies to their Belarus partner Beltransgaz if they fail to pay off their debt by June 21st.

The news was officially released by Gazprom officials, and comes just after the warning made by the president of the Russian Federation, Dmitri Medvedev, concerning the fact that Belarusian side 5 days to eliminate their debt of 200 million dollars due to Gazprom. The Gazprom officials declared that Belarus side is neglecting its obligations, breaking the contract rules. The debt was a consequence of the fact that Belarusian side decided to pay for gas according to last year tariffs. The gas contract for Belarus does not contain any reference to the dynamics of prices on the Russian market, prices that are actually higher than prices for Belarus, according to Gazprom. The international community considers that Russia uses its energy resources as political instruments.

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