Gazprom starts suspending gas contracts with Ukraine as Brussels fears limited transit to Europe

Sudzha gas metering station at Russian-Ukrainian border (Copyright: Gazprom, 2015 / Gazprom’s website, Media)

Russian gas giant Gazprom announced on Saturday it has officially started the procedure of terminating contracts on gas supplies and transit with Ukraine. The move came after a Stockholm arbitration court ordered Gazprom last week to pay more than $2.5 billion to Ukrainian energy firm Naftogaz. The Stockholm ruling, which represents the last act of […]