Update: Another gas dispute continues between Ukraine and Russia

In the end,  it appeared that Ukraine had  agreed to pay off its $2 billion gas debt rather than find out what kind of sanctions Russia would impose on Ukraine. However,  the dispute has not ended between the two sides. Ukraine is against the new price being asked by Gazprom of $250 per 1000 cubic meters, gas disruptions are still possible tomorrow.  

Gazprom will have no legal grounds to deliver gas to Ukraine if a contract for 2009 is not signed, the Russian gas giant's executive board deputy chairman Alexander Medvedev told a briefing in Moscow on Wednesday

"If a contract on shipments is not signed, we will have no legal or any other grounds to deliver gas to Ukraine," he said. (From Interfax-Ukraine)

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