KIEV, UKRAINE (Worthy News)– After Ukraine failed to pay its debt to Gazprom, the company says any future Russian gas supplies must be paid up front.
Gazprom warned Kiev failure to pay $1.95 billion would result in supplies being cut. Due to "chronic nonpayments" the company says it act by 6:00 GMT.
"We reached no agreement. The chances that we meet again are slim," Gazprom spokesman Sergei Kuprianov said after crisis talks in Ukraine at the weekend.
Ukraine said it refused to clear its debts completely in protest of Gazprom's recent 80 percent price increase.
Tensions remain high in the region, as NATO revealed Russian tanks were operating in Ukraine.