Russia provides 25% of Ukraine's oil, this intern provides Russia with a good economic outcome. Russia forcing the Ukraine to pay back their debt is really not realistic. A country that owes another money generally cannot pay them back on a moments notice. I believe it would be a very poor decision on Russia's part to try to collect their money from Ukraine.Gazprom said only gas piped from Russia would be affected which would make up around 25% of Ukraine's total supply. A dispute in January 2006 disrupted exports to several European countries.
Much of Europe is reliant on Russian gas piped through Ukraine but the EU says it has been assured by Gazprom its supplies will not be affected. Gazprom spokesman Ilya Kochevrin told the BBC News website that the company had informed the European Commission about the dispute.
"We think we got strong support for our position and hopefully we can settle this very soon," he said.
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One, this could negatively affect Russia's economy by cutting the oil. Two, Russia making countries more agitated, especially those that contribute to your economy, is not the best of ideas. It seems like now every time we turn around Russia is loosing an ally here, or causing more frustration and conflict with its surrounding countries. Soon Russia will end up losing all the international legitimacy and power it has gained back. Its hard to gain an ally once lost.
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