To pay or not to pay Gazprom, that’s the $7 billion question

With Russia sticking Ukraine with a $7 billion bill for not purchasing enough of its above market-priced natural gas last year, memories of gas wars between the two countries – which led to supply interruptions to Europe in 2006 and 2009 – are being revived.

Speaking at a conference organized by the European Business Association on Jan. 29 in Kyiv, Foreign Minister Leonid Kozhara said that while the government has not yet acted to the demands, all options are on the table.

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