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    Radio Free Europe/Radio Liberty: Kyiv's Deadline Looms On $2 Billion Russian Gas Debt

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A deadline is looming for Ukraine to pay off its natural gas debts to Gazprom or face a supply cut that also would impact other parts of Europe.

by: Sruthi

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Radio Free Europe/Radio Liberty: Kyiv's Deadline Looms On $2 Billion Russian Gas Debt

A deadline is looming for Ukraine to pay off its natural gas debts to Russia’s state-controlled Gazprom or face a supply cut that also would impact other parts of Europe.

Ukraine has until midnight on May 29 to pay Russia $2 billion for natural gas debts under an EU-brokered agreement.

If Ukraine fails to meet the deadline, it faces the possibility that Russia will cut off its natural gas supply next week.

Gazprom chief Aleksei Miller said at a cabinet meeting in Moscow on May 28 that the restriction of gas supplies to Ukraine would go into effect at 10:00 (Moscow time) on June 3 “in the event that Ukraine does not transfer” the money.
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