Russian gas giant Gazprom says it will cut gas supply 10 a.m. Thursday ( 2 a.m . ET ) Company says Ukraine owes it about $ 2 billion for past natural gas deliveries . Watch a report on Gazprom 's threats to cut off gas supplies to Ukraine » . - Russia has said that the European Union should not be allowed to join a trade pact with Ukraine. Gazprom cut supplies on January 1 , 2006 , but turned spigots back on a day later .
Russian gas giant Gazprom says it will cut gas supply 10 a.m. Thursday ( 2 a.m . ET ) Company says Ukraine owes it about $ 2 billion for past natural gas deliveries . - Russia has said that the European Union should not be allowed to join a trade pact with Ukraine. Gazprom cut supplies on January 1 , 2006 , but turned spigots back on a day later .