US rues Russia's decision to cut off gas to Ukraine | india | Hindustan Times
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US rues Russia's decision to cut off gas to Ukraine

The United States on Sunday expressed regret over the Russian decision to cut off gas supplies from Russia to Ukraine, saying it created "insecurity" in the region's energy sector.

india Updated: Jan 02, 2006 04:58 IST

The United States on Sunday expressed regret over the Russian decision to cut off gas supplies from Russia to Ukraine, saying it created "insecurity" in the region's energy sector.

"Such an abrupt step creates insecurity in the energy sector in the region and raises serious questions about the use of energy to exert political pressure," State Department spokesman Sean McCormack said in a statement.

"As we have told both Russia and Ukraine, we support a move toward market pricing for energy but believe that such a change should be introduced over time rather than suddenly and unilaterally," he added.

The spokesman said Russia and Ukraine have a shared interest in maintaining good reputations, and the United States remained hopeful that a resolution will be reached between the two sides "that provides energy security and predictability for all concerned."

Russia's state-controlled energy firm Gazprom announced earlier Sunday it was cutting off supplies to Ukraine, which depends on Russia for around a third of its natural gas import needs, because Kiev had failed to accept a steep increase in gas prices for 2006.

First Published: Jan 02, 2006 04:58 IST