Russia took Europe to the brink of a winter energy crisis yesterday when it carried out a Cold War-style threat and halted gas deliveries to Ukraine, the main conduit for exports to the West.With the worst of winter yet to come, this could get pretty serious pretty fast.
With a quarter of its gas supplied by Russia, Europe is facing serious disruption and price rises for as long as the dispute rumbles on.
Moscow turned off the tap at 10am after Ukraine refused to sign a new contract with the Russian state monopoly Gazprom quadrupling prices.
Critics of the Kremlin say the rise was punishment for the Orange Revolution in 2004 which brought in a westward-leaning government that promised to remove Ukraine from the Kremlin's sphere of influence.
Monday, January 02, 2006
No Gas For You!
The Gas Nazis, otherwise known as the Russians, have shut off gas supplies to the Ukraine, and therefore to much of Europe:
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