030314gazRussian-controlled natural gas giant Gazprom has threatened to disrupt gas supplies to Europe following warnings by John Kerry and others that harsh economic sanctions could be imposed on Moscow, as the Ukraine crisis threatens to spiral into a trade war.  “Simmering political tensions in Ukraine, that are aggravated by inadequate economic conditions, may cause disruptions of gas supplies to Europe,” the company announced today. Although the monopoly said it would attempt to reduce export risks, Gazprom’s chief financial officer Andrei Kruglov cautioned that Ukraine had failed to fulfil its debt obligations. This followed Gazprom spokesperson Sergai Kupriyanov’s warning on Saturday that Ukraine would see its account with Gazprom canceled as a result of an overdue tab of $1.5 billion dollars. MORE