Russia-Ukrine Gas War Watch: Gazprom Capitulates

General view of Russian gas monopoly Gazprom headquarters in Moscow, January 2, 2006.

Reuters: Chastised Russia all but abandons gas blockade

Russia was forced to all but abandon a gas blockade against neighboring Ukraine on Monday after European trade partners said their own supplies had been hit and warned Moscow relations would suffer.

State-controlled Gazprom said it would restore full gas supplies to Europe by Tuesday, two days after the gas monopoly stopped supplies to Ukraine when Kiev refused to pay a fourfold price rise.

Germany, Russia’s main trading partner, warned it would think twice about importing more gas unless Moscow could prove it was a reliable supplier.

The Snake (Bear) remembered who its customers are in true capitalistic fashion……..