Russia to Cut Off Gas Supplies to Ukraine

Russia will cut off natural-gas supplies to Ukraine if no compromise is reached by Jan. 1 in a dispute over prices, officials with Russia’s state-run gas monopoly said Tuesday, markedly raising the stakes in the increasingly acrimonious dispute.

Gas giant Gazprom also gave a tough rebuttal to Ukrainian President Viktor Yushchenko’s proposal that price hikes for Russian gas supplies be gradually implemented. Moscow has proposed tripling its gas prices immediately.
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