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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared "Dead" man wakes up under autopsy knife 17 Sep 2007 Older white women join Kenya's sex tourists 26 Nov 2007 Japan teens skipping breakfast have sex younger 26 Dec 2008 Venice flooded by highest water levels in 22 years 01 Dec 2008 Charlie Sheen tops list of high-paid TV stars 04 Aug 2008 "Dead" man wakes up under autopsy knife 17 Sep 2007 Older white women join Kenya's sex tourists 26 Nov 2007 Man jailed for eating rare tiger 22 Dec 2009 Oklahoma firm recalling beef products in six states 26 Dec 2009 Five die in Tehran pro-reform protests | Video 27 Dec 2009 Russia warns EU of oil cuts over Ukraine row Gleb Bryanski and Martin Santa MOSCOW Mon Dec 28, 2009 10:15am EST Related News Ukraine says no reason to halt Russian oil flows 10:09am EST UPDATE 1-Russia blames Ukraine politicians for oil row 7:11am EST UPDATE 2-Russia fears gas problems with Ukraine, stops oil Fri, Dec 25 2009 UPDATE 1-Russia may supply oil to Belarus without a deal Wed, Dec 23 2009 UPDATE 2-Russia resumes Turkmen gas imports, slashes volumes Tue, Dec 22 2009 MOSCOW (Reuters) - Russia has warned the European Union of oil supply cuts because of a fresh row between Moscow and Kiev, the Slovak government said on Monday, hours after Russia played down worries about a new gas row with Ukraine. World | Russia The Slovak Economy Ministry said Russia has warned the European Union that Slovakia, Hungary and the Czech Republic could experience oil supply cuts. A European Union source said oil stocks in those countries were adequate to withstand cuts. Europe, which receives the lion's share of its oil and gas needs from Russia, closely tracks Russian disputes with its neighbors after EU gas supplies were cut in the dead of winter in 2006 and 2009 due to disputes between Moscow and Kiev. Another key transit state, Belarus, cut Russian oil flows to Europe via the Druzhba pipeline in January 2007, also due to a pricing row, which further undermined the image of Russia, the world's top oil and gas producer, as a reliable energy supplier. The earlier cuts occurred amid strained political relations between Moscow and its neighbors. Ukraine will hold a presidential election in January and analysts have said that if a relatively pro-Russian leader is elected, Moscow is likely to take a more accommodating stance in future energy negotiations. On Monday, the head of Russian gas monopoly Gazprom, Alexei Miller, said he expected Ukraine to pay its December gas bill in full and that he saw no repeat of gas rows -- backtracking from remarks made last week. But he spoke only a few hours before the head of another Russian monopoly -- oil pipeline company Transneft -- accused Ukrainian politicians of setting new "unacceptable" terms for oil transit via the Black Sea port of Yuzhny. Transneft President Nikolai Tokarev told Reuters Ukraine had asked Russia to pay more for transit and raised additional conditions concerning minimal volume guarantees, adding that oil supplies would be cut if no deal was quickly reached. "We cannot and are not accepting tough terms. The (negotiation) process is continuing and I hope we will solve it before the New Year. But if they insist on their terms, we will also review the prospects of supplies," he said. Asked about the cause of the dispute, Tokarev said: "These are purely political issues there (in Ukraine)." The demand for higher fees from Ukraine comes as the International Monetary Fund has rejected Kiev's request for a $2 billion loan to help the recession-strapped country meet financial obligations by year's end. A senior official of Ukraine's central bank said last week it had enough foreign currency reserves to manage its finances until the end of the year. DRUZHBA PIPELINE IN FOCUS Traders told Reuters on Friday Transneft had told them it would scrap the initial January program for Yuzhny consisting of 0.5 million tonnes, in a move that would effectively damage the Mediterranean oil market. Yuzhny remains the last Ukrainian port through which Russia sends transit crude to the West after it stopped exporting crude via another outlet, Odessa, earlier this year. Ukraine is also a major transit route for crude flowing to Eastern Europe via the Druzhba pipeline and Russia sent its warning to the European Union fearing a repeat of the January 2007 dispute with Belarus. "From the EU point of view, the early warning systems have worked," said a EU source, referring to a recent deal under which Russia has to warn the continent about potential supply problems. U.S. crude oil rose to above $79 a barrel on Monday, the highest in more than a month, largely because of colder weather across the major energy market the United States. The tensions involving Russia provided additional support. The Druzhba pipeline supplies Slovakia, Hungary and the Czech Republic via Ukraine with more than 300,000 barrels per day of crude while another spur goes via Belarus to Germany and Poland shipping some 800,000 bpd. The two latter states also have no guarantees of smooth supplies after the New Year as Moscow and Minsk struggle to agree on volumes of duty-free Russian oil for Belarus. Russia's top energy official Igor Sechin said on Monday he hoped the deal with Belarus would be signed on December 30-31. "If no deal is reached then we will have to apply full fees from January 1," he told reporters. In 2007, Minsk suspended supplies along Druzhba after failing to clinch a deal on crude supplies for its domestic plants and agreeing on fees. (Additional reporting by Luke Baker; writing by Dmitry Zhdannikov, editing by Anthony Barker) World Russia More from Reuters New security restrictions could hurt airlines NEW YORK (Reuters) - Tighter security measures at U.S. airports following an attempt to blow up a Detroit-bound jet could dampen enthusiasm for air travel, hurting the airline industry just as it seemed poised to recover from a period of bruising losses, some industry experts say. | Video Wall Street rises on resource, retail boost | Video Airline shares weaker amid renewed terror concerns Amazon shares up after Kindle boosts e-book sales Oil tops $79, highest since Nov, on cold snap Bomb at Shi'ite procession in Pakistan kills 25 » More Top News The next al Qaeda hub? The attempted Christmas Day bombing of an American airliner has put another region in the spotlight as a breeding ground for terrorism. 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House condemns "unjust" actions Timeline: Unrest in Iran IRAN © Copyright 2009 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal ECVJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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