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Terrorism suspected in Ukraine pipeline blast

  • A day after Gazprom (OGZPY) cut off gas supply to Ukraine in a dispute over pricing, a major pipeline exploded in central Ukraine which carries gas from Russia to many destinations in Europe.
  • Ukrainian officials are still investigating the explosion, although many are suspecting a terrorist attack based on preliminary reports.
  • However, gas flow was not not interrupted, as supplies to Europe were rerouted to alternate pipes.
  • Tensions between separatists and the new government are escalating as Ukrainian forces attempt to slowly retake control of its eastern border.
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