Russia-Ukraine Gas Spat Cuts Chemical Production

Chemical production was cut last week in Central and Eastern Europe following a dispute between the Russian and Ukrainian governments over the price of natural gas supplies from Russia to Ukraine. Russian gas monopoly Gazprom (Moscow) suspended supplies of gas by pipeline to its Ukrainian counterpart Naftogaz (Kiev), including gas for onward transportation by pipeline to the rest of Europe. About 80% of Russian gas supplied to other European markets is normally transported via Ukraine, analysts say. All supplies of Russian gas via Ukraine to Austria, Bulgaria...

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