Ukraine Faces 'Serious' Gas Situation

BRUSSELS, Belgium -- Brussels called for talks with Russian and international monetary officials in an effort to avert a gas crisis stemming for Ukrainian economic troubles.

Jose Manuel Barroso, was confirmed for a second term as European Commission president.

Jose Manuel Barroso, who was confirmed for a second term as European Commission president, said the European Union would talk with gas and financial officials to help Ukraine pay for its Russian gas supplies, the Financial Times reports.

"We must not sleepwalk into another crisis," he said. "There is indeed the risk of a crisis in weeks, not months."

A January dispute over contracts and arrears between Kiev and Moscow forced Russian gas giant Gazprom to cut gas supplies for Ukraine. With 80 percent of Russian gas bound for Europe headed through Ukrainian territory, that row left European customers in the cold for weeks.

A settlement resolving the dispute requires Ukraine to settle its monthly gas debt by the seventh of each month, but Gazprom has expressed concern each month since January over Kiev's ability to come forward with the money.

Barroso told reporters the EU does not have the resources to meet Ukrainian requests for $4 billion to cover gas payments but said that was a matter best left to the international monetary regime.

"We don't have that money in the budget. We want to help our Ukrainian friends, but they have a structural problem," he said. "They're in a serious situation."

Source: UPI


Benny said…
Watch equipped with Calibre 6 movement, chronograph is equipped with hublot replica sale or the Calibre 36 movement. Watch with pillow case, blue needle flour, vintage pointer with rolex replica sale escale, and with a yellow-green rolex replica uk coating, expressing a keen nostalgia. Unlike the MONZA 2000 series, the new watch brand LOGO 12 o'clock once again return to the traditional, only rolex replica words. 38mm thick case has been processed. The new design uses the same table rolex replica sale engraved with serial number fake rolex for sale. Brown leather strap and folding clasp decorated with the classic "HEUER" word shield badge. Button itself with a double structure, into contact with the finger of the replica watches and lower base. Button for the bridge by replica watches sale Satin finish and matte polished, very delicate.