Moscow - Russian energy company Gazprom on Saturday threatened to cut off gas deliveries to Ukraine starting January 1 unless Ukraine pays 2.4 billion dollars of debt and finalizes new contracts for future deliveries.
Gazprom spokesman Sergei Kupriyanov, quoted by the Interfax News Agency, dismissed arguments from Kiev that payments had been delayed due to the ongoing financial crisis.
"If the Ukrainian economy were really in a crisis, they would need less energy from us. There has been no sign of that," he said, adding that Ukraine cannot expect to receive billion-dollar bail- outs from the International Monetary Fund on the one hand and refuse to pay its debts to Russia on the other.