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Natural Gas Shortages Hit European Countries As Russian-Ukraine Dispute Continues

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Gas supplies from Russia to Europe plummeted overnight with four countries reporting a complete halt as the dispute between Moscow and Ukraine over payment rates dramatically worsened.

Kiev said that Gazprom, the Russian state gas company, had cut the flow by 60 per cent following Vladimir Putin's threat yesterday to punish Ukraine for allegedly stealing fuel it is supposed to allow to transit through its pipelines en route to Europe.

Read the whole story at Times Online