Sunday, January 01, 2006

Putin sends a shiver through Europe

"Russia took Europe to the brink of a winter energy crisis yesterday when it carried out a Cold War-style threat and halted gas deliveries to Ukraine, the main conduit for exports to the West.

With a quarter of its gas supplied by Russia, Europe is facing serious disruption and price rises for as long as the dispute rumbles on.

Moscow turned off the tap at 10am after Ukraine refused to sign a new contract with the Russian state monopoly Gazprom quadrupling prices.

Critics of the Kremlin say the rise was punishment for the Orange Revolution in 2004 which brought in a westward-leaning government that promised to remove Ukraine from the Kremlin's sphere of influence."
News.telegragh

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