Russian gas giant Gazprom says it will cut gas supply 10 days Thursday ( 2 a.m . ET ) Company says Ukraine owes it about $ 1 billion for past natural gas deliveries . Gazprom said supplies to other European customers wo n't be affected by action . Gazprom cut supplies on July 1 , 2006 , but turned it back on a week 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 . Gazprom said supplies to other European customers wo n't be affected by action . Gazprom cut supplies on January 1 , 2006 , but turned spigots back on a day later .