While the two have had several disputes since Russia shut off gas in 2006, perhaps Russia will carry out its threats if Ukraine doesn't hand over the money. By creating a crisis between the two cuntries, Russia may be hoping to distract Russians from the crisis at home. Of course, the disputes since 2006 have all ended peacfully and this may just be posturing by Medvedev.
Bloomberg: Medvedev Threatens Sanctions If Ukraine Fails to Pay Gas Debt
Russia warns Ukraine that it faces "sanctions" if debt owed to Gazprom is not paid by the begining of the new year.
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