by John Galt
April 9, 2014 05:45 ET
Breaking this morning from the Ukrainian news agency UNIAN (translated via GoogleTranslate):
09.04.2014 | 10:36
Ukrainian side does not meet the level of prices for gas, which has been set by “Gazprom”.
Ukraine, which is trying to negotiate with Russian gas monopoly “Gazprom” for the return of gas prices at the level of 268.5 per thousand cubic meters, today ceased download Russian gas in its underground storage facilities.
According to an UNIAN correspondent, this Wednesday before the meeting of the Cabinet Minister of Energy and Coal Industry of Ukraine Yuriy Prodan.
“We have gas today do not download. We still have time to make the appropriate download” – said Prodan.
The minister also noted that the Ukrainian side does not meet the level of prices for gas , which has been set by “Gazprom” on April 1, and Ukraine will hold talks with the Russian side on the return of the old one, which was in the first quarter of 2014.
Prodan said that gas supplies in March the Ukrainian side has paid the debt is more than $ 550 million.
While the translation is rough, essentially speaking the Ukrainian government has begun a very dangerous move where they will no longer download Russian natural gas into its storage facilities as long as Russia holds the line on the increased price. Gazprom obviously can only sell the gas at the reduced price as long as they Russian government agrees to the subsidy and with Putin primed to seize control of the Ukraine on a moment’s notice, this is nothing more than another justification for their cause in the eyes of the Russian government.