Ukraine Looks outside of Russia for Gas Supply

Global Business

Ukraine is now trying to wean itself off Russian gas and looking for alternative sources. And some nearby countries are offering a helping hand. This is because Russian President Vladimir Putin said he would cut natural gas supplies to Ukraine if Kiev doesn’t pay its 2.2 billion dollar gas bill.

He also said the impasse may hit gas supplies to Europe. Russia provides 30 percent of Europe’s natural gas needs, and half of that is piped through Ukraine. Moscow nearly doubled the price it charges Kiev for gas after tensions broke out between Russia and Ukraine. CCTV correspondent Michal Bardavid reports.

Ukraine's Lookout for New Gas Resource

Ukraine's Lookout for New Gas Resource

CCTV correspondent Michal Bardavid reports on Ukraine's lookout for new gas resource after Russian President Vladimir Putin said he would cut natural gas supplies to Ukraine.
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