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| Ukrainian gas row deadline looms | Ukrainian gas row deadline looms |
| (about 2 hours later) | |
| Russia's Gazprom and Ukraine have not yet resolved their gas dispute over an unpaid bill - with Russia threatening to stop supplies on 1 January. | Russia's Gazprom and Ukraine have not yet resolved their gas dispute over an unpaid bill - with Russia threatening to stop supplies on 1 January. |
| Ukraine's state energy firm Naftogaz says it "received confirmation from the bank" that it had paid more than $1.5bn (£1bn) to Russia on Tuesday. | Ukraine's state energy firm Naftogaz says it "received confirmation from the bank" that it had paid more than $1.5bn (£1bn) to Russia on Tuesday. |
| But Gazprom says it has not received the money. It added that Ukraine owed more than $2bn, including fines. | But Gazprom says it has not received the money. It added that Ukraine owed more than $2bn, including fines. |
| Some reports suggest Ukraine's Prime Minister will go to Moscow for talks. | Some reports suggest Ukraine's Prime Minister will go to Moscow for talks. |
| "Prime Minister Yulia Tymoshenko's flight to Moscow had not been decided upon as of 1130am Moscow time (0830 GMT)," according to a Ukrainian government source. | |
| Payment timing | Payment timing |
| On Tuesday, President Viktor Yushchenko said Ukraine had paid its debt to Gazprom in full. | On Tuesday, President Viktor Yushchenko said Ukraine had paid its debt to Gazprom in full. |
| Earlier, the Ukrainian government allowed Naftogaz to borrow up to $2bn (£1.3bn) to pay the debt. | Earlier, the Ukrainian government allowed Naftogaz to borrow up to $2bn (£1.3bn) to pay the debt. |
| Naftogaz says it paid more than $1.5bn to RosUkrEnergo, Switzerland-registered gas trading intermediary. | Naftogaz says it paid more than $1.5bn to RosUkrEnergo, Switzerland-registered gas trading intermediary. |
| But RosUkrEnergo spokesman Andrei Knutov said: "The banking day has ended [on Tuesday], so we cannot confirm or deny that information." | But RosUkrEnergo spokesman Andrei Knutov said: "The banking day has ended [on Tuesday], so we cannot confirm or deny that information." |
| Cuts fears | Cuts fears |
| Talks continued in Moscow as the two sides also need to agree on a price for 2009 gas supplies to Ukraine. | Talks continued in Moscow as the two sides also need to agree on a price for 2009 gas supplies to Ukraine. |
| The Russian monopoly has threatened to cut off gas to Ukraine unless Ukraine signs a new contract by 1 January. | The Russian monopoly has threatened to cut off gas to Ukraine unless Ukraine signs a new contract by 1 January. |
| On Tuesday, Gazprom chief executive Alexei Miller told Russian news television channel Vesti that "Gazprom will have no grounds for supplying gas to Ukraine" if it does not pay out its debt. | On Tuesday, Gazprom chief executive Alexei Miller told Russian news television channel Vesti that "Gazprom will have no grounds for supplying gas to Ukraine" if it does not pay out its debt. |
| Ukraine is a key transit route of Russian gas to Europe, and it is feared that a supply cut could affect countries further west. | Ukraine is a key transit route of Russian gas to Europe, and it is feared that a supply cut could affect countries further west. |
| Gazprom, the world's largest gas producer, supplies a quarter of the European Union's gas needs, or 42% of EU's gas imports. | Gazprom, the world's largest gas producer, supplies a quarter of the European Union's gas needs, or 42% of EU's gas imports. |
| A similar row between Gazprom and Ukraine in 2006 led to gas shortages in several EU countries. | A similar row between Gazprom and Ukraine in 2006 led to gas shortages in several EU countries. |