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Gallup: Family of four needs an average $58,000 a year
MOSCOW, Nov. 22 (UPI) -- Russia's energy giant Gazprom announced Saturday it will not continue to make gas deliveries to Ukraine in the absence of a new contract.
Gazprom spokesman Sergei Kupriyanov said he would like to avoid cutting off gas supplies to Ukraine, RIA Novosti reported.
"There is still time to reach an agreement," he said. "As soon as the debts are paid, we are ready to sign direct contracts."
On Friday, Gazprom announced Ukraine had $2.4 billion in outstanding debt for gas supplies.
Responding, Ukrainian President Viktor Yushchenko ordered payment of the country's debt to Russia for natural gas supplies within five days.
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| Additional Business News Stories | |
CALGARY, Alberta, May 21 (UPI) --
Canadian company Talisman Energy said it expects to produce 15,000 barrels of oil per day from its newly launched development offshore Vietnam.
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RIO DE JANEIRO, May 20 (UPI) --
Sweden's Saab is upgrading its bid for Brazil's FX-2 jet fighter purchase plan, even as it weighs challenges from rivals Boeing and France's Dassault.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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