Russian action to be clear and decisive

Russia will cut off gas supplies to Ukraine at 7 a.m. GMT January 1 if no contract is signed with the country, the chief executive of natural gas monopoly Gazprom said Friday, RIA Novosti informed.

"If Ukraine does not sign the contract for gas supplies in the hours remaining until the New Year, Russian natural gas supplies for Ukrainian consumers will be stopped at 10 a.m. Moscow time [7a.m. GMT]," Alexei Miller told the NTV television channel. "The actions will be clear and decisive."

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13:19 In Davos, President Viktor Yanukovych took part in a World Economic Forum session “New Energy Architecture: Enabling an effective transition.”

10:10 In Davos, President Viktor Yanukovych took part in a session of the World Economic Forum titled "Energy for Economic Growth.” During the session, President Yanukovych brought up the issue of energy security of Ukraine, and told about the implementation of new technologies to use alternative and unconventional energy sources in our country.

24 January 2012

13:48 A Ukrainian delegation has left for Washington to hold talks with the International Monetary Fund (IMF), Ukrainian Finance Ministry spokesperson Viktor Kosarchuk has said.

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10 February 2012

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