Ukraine Rejects Russia Gazprom Gas Price Hike

Ukraine has rejected moves by Russia to almost double the price od Russian gas supplies to the Country and threatened legal action , Ukraine's interim P.M. Arseriy Yatsenyuk said Moscow's hikes were a form of "economic aggression" his energy ministry said Ukraine would try to negotiate a gas deal , but warned that if talks failed Ukrainians should prepare for Russia to cut off supplies

Moscow says the price change is due to Kiev's failure to pay it's bills , Russia's state controlled company Gazprom has raised the cost of gas to Ukraine by 81% to $485.50 (£ 292.86 € 354.33) from $268.50 for 1,000 cubic meters , the increase comes amid tense diplomatic relations following Moscow's annexation of the Crimean peninsula

Mr. Yatsenyuk said Russia was trying to punish the new leaders in Kiev after last month's removal of the Moscow backed Government of President Viktor Yanukovych

Russia was unable to seize Ukraine by means of military aggression , now they are implementing plans to seize Ukraine through economic aggression