He cited Ukraine’s failure to fulfil its contractual obligation as the reason behind the decision, according to Interfax.
Russian Prime Minister Dmitry Medvedev called Gazprom’s actions “justified” and ordered the country’s finance ministry to look into potential risks or providing a $2 billion-$3 billion loan to Ukraine so that it can repay its gas deliveries debt to the company, the agency reported.
Medvedev also said that Ukraine hasn’t yet made full payment for February gas deliveries, according to the news agency."
"On March 1, Gazprom’s spokesperson Sergai Kupriyanov said the gas holding could cancel its gas supply discount for Ukraine as its overdue debt for gas reached $1.5 billion."
"Russia...still supplies around 30% of Europe's gas."
"The company...was once headed by the former president (and current prime minister) Dmitry Medvedev"