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Russia to Consider Shutting Off Ukrainian Gas

Russia would consider stopping gas deliveries to Ukraine if it refuses to pay the price agreed in a 2009 contract.

Vladimir Zhirinovsky, vice-speaker of the State Duma, gave the warning as Russian Prime Minister Putin officially opened the Nord Stream pipeline, which transits natural gas from Russia to Germany.

The pipeline bypasses Ukraine and is expected to be fully functional by 2012.

Political risks are a concern in both countries. AKE ranks Russia at level 3 on its political risk rating scale. This denotes a problematic but not insurmountable level of risk.

AKE ranks Ukraine at level 4 which denotes a significant level of risk.

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