Moscow, June 21, (PRINTWORDS NEWS) In a rather alarming development in the on-going dispute between Russia and its neighboring countries, on Monday Russian President Dmitri A. Medvedev has asked the country’s gas export monopoly, Gasprom to cut the deliveries of gas supply to Belarus. The decision was taken by the Russian President after Belarus failed to pay debts to the tune of £200 million to Russia, a reason which has been promptly refuted by the government of Belarus.
The chief executive of the gas export company, Aleksei Miller has revealed that Belarus was willing to settle the debt through barter system, a proposal that was at once brushed away by Dmitri A. Medvedev. As the Russian President believed that Gasprom could not have accepted the debt in any other terms of payment apart from monetary, he instructed the gas export firm to decrease the supplies that were being sent through Belarus, which carries an estimated 20 per cent of the fuel supplied to Europe. Although on Sunday, a delegation was sent to Moscow by the government of Belarus to try and resolve the matter, the meeting failed to bear any fruitful results. 
It can be recalled that Gasprom had revealed last week that Belarus owed it $192 million in terms of debts that are yet to be paid and gas supplies can be cut off by a whopping 85 per cent if the debts are not taken care of. However, accusations have been flying high between both the nations with Belarus in turn claiming that Russia owes it an estimated $200 million for gas transit to the various European countries. Meanwhile, Russian President Dmitri A. Medvedev latest move might be a cause of concern for many European countries as its fuel supplies might be jeopardized in the process.
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