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. Last Updated: 07/27/2016

Gazprom Stands Tough

Kiev () -- Russia's RAO Gazprom is demanding payment guarantees for gas imported by Ukrainian commercial firms, a Ukrainian gas official said Monday, casting doubt on Kiev's push to reduce the state's role in energy supplies.

Ukraine introduced a new scheme for importing Russian gas this year, authorizing a handful of private companies to replace the sate monopoly on gas imports. In previous years, Russia periodically cut off gas supplies after Ukrainian consumers failed to pay bills.