Russia considering bypassing Ukraine tank storage in shipping gas to Europe; Gazprom set to avoid latest round of sanctions.

Gazprom Storage

Gazprom Storage (http://www.kyivpost.com)

As further sanctions against Russia are debated, Gazprom (the country’s giant gas export monopoly) has announced that it’s prepared to cut off all supplies to Ukrainian pipelines as early as June 3rd. Whilst Gazprom nor its senior management have been sanctioned by the United States or Europe Union over Russia’s involvement in the ongoing Ukraine/Crimea crisis, they claim they are ready to act because Ukraine owes it more than $3.5 billion for past shipments.

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