Looks like Russia and the Ukraine are going to repeat the gas crisis of 2009

After two months of unsuccessful negotiations with participation of the European Commission, Russia and the Ukraine are preparing for a new stage of the gas conflict – the restriction of the supply. According to the Kommersant, today Gazprom will switch the Ukraine to prepayment that will create preconditions for the transit of Russian gas to Europe. The situation with the supplies will be extremely aggravated by autumn that still gives the parties a chance to continue their negotiations.

This morning Gazprom is likely to realize its threat of two months standing and will supply only prepaid gas to the Ukraine, several sources familiar with the situation said to the Kommersant. This means that the supplies for the Ukraine will be stopped as Kiev rhas efused to pay any advance payment and Gazprom will continue to supply gas to the Ukrainian gas transportation system (GTS) only for its transit to Europe. According to the Kommersant, a meeting with the participation of Gazprom’s head Alexei Miller will be held at the office of the Prime Minister Dmitry Medvedev in the first half of Monday, during which the transfer to prepayment could be officially announced. The parties had the last chance to reach the agreement last night, when the next round of the negotiations was to take place in Kiev - but its results weren’t known by the time we went to press.

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