The Moscow Times: Ukraine Sanctions on Russia Would Disrupt Europe's Gas Import Deals

Ukraine said European companies would have to agree on a major revision of gas contracts with Russia if Kiev slaps sanctions on Moscow and Gazprom, a measure that may lead to disruption in gas transit to Europe.

Ukraine Prime Minister Arseny Yatsenyuk said last week that parliament would debate sanctions against Russia on Tuesday, which could include bans on Russian gas and sanctions against Russian banks.

Ukraine gas grid Naftogaz said Monday that the sanctions could limit or even exclude some companies from piping gas through the country, which would allow other companies to take over transit operations. The statement did not mention Gazprom or Russia.

"The main idea is that transit could continue with no problems if this gas is bought at our eastern border by, let's say, European companies," a Naftogaz spokeswoman said.
MORE