Russia’s Gazprom may introduce pre-payment for Ukraine

Russian gas giant Gazprom may re-introduce a system of advanced payments due to Ukraine’s mounting debt, Vedomosti business daily reported Monday, citing a company official.

“Gazprom has the right to set a pre-payment condition, but before doing that it is necessary to understand to what extent Ukraine is unable to pay,” the official said.

Ukraine’s debt for the gas supplied in 2013 amounts to U.S. $2.7 billion, which means that the country failed to pay for about half of all gas imported last year. Kiev has promised to repay the debt on January 25 but then asked for a postponement.

“We already see that Naftogaz Ukrainy will not pay for January supplies either,” spokesman for Russian president Dmitry Peskov said.

Naftogaz Ukrainy declined to comment on any further debt repayment.

SOURCE: PRIME, 2014

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s