This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7274380.stm

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
Gazprom cuts Ukraine gas supply Gazprom cuts Ukraine gas supply
(10 minutes later)
Gazprom, Russia's gas monopoly, has cut supplies to Ukraine by 25% after talks between the two sides ended in failure.Gazprom, Russia's gas monopoly, has cut supplies to Ukraine by 25% after talks between the two sides ended in failure.
The state-run Russian company said its efforts to get Ukraine to pay its debts had "reached a dead end". State-owned Gazprom claims it is owed $1.5bn (£770m) in arrears, and that efforts to get Ukraine to pay off the debts had "reached a dead end".
Gazprom reassured European consumers that their gas supply would not be affected by the spat with Ukraine.
Last month, Russian President Vladimir Putin and Ukraine's Viktor Yushchenko reached an outline deal, but the details could not be agreed.
Considering that the situation has reached a dead end, to guarantee its own economic interests, Gazprom will reduce its gas supplies Gazprom statement
Ukraine's deputy prime minister said the money had already been transferred and that documents to confirm this had been sent to Gazprom.
A previous row between the two sides saw Russia cut gas to Ukraine in 2006, also hitting exports to Western Europe.A previous row between the two sides saw Russia cut gas to Ukraine in 2006, also hitting exports to Western Europe.
The European Commission has said it has been assured by Gazprom that supplies to the EU will not be affected by any renewed cut in exports to Ukraine. Gazprom reassured European consumers that their gas supply would not be affected by the current problems.
Missing gas Earlier, the European Commission said it had been assured by Gazprom that supplies to the European Union will not be impacted.
Gazprom says it is owed $1.5bn (£770m) in arrears by Ukraine for gas already supplied. Last month, Russian President Vladimir Putin and Ukraine's Viktor Yushchenko reached an outline deal, but the details could not be agreed.
On Friday, Gazprom spokesman Sergei Kupriyanov said in a statement that talks with Ukraine had failed to produce results.On Friday, Gazprom spokesman Sergei Kupriyanov said in a statement that talks with Ukraine had failed to produce results.
"Considering that the situation has reached a dead end, to guarantee its own economic interests, Gazprom will reduce its gas supplies to Ukrainian consumers by 25% on 3 March at 1000 [0700 GMT]," the statement said. Ukraine's deputy prime minister said the money had already been transferred and that documents to confirm this had been sent to Gazprom.
Last month, Russian President Vladimir Putin met with his Ukrainian counterpart Viktor Yushchenko to try to settle the payments dispute.
Mr Putin agreed to Ukraine's demands to replace two intermediary gas trading companies through which Ukraine pays for imported gas with a more transparent firm.