Russia to introduce prepayment for gas, supplied to the Ukraine, from June, 1

Russia will introduce prepayment for gas, supplied to the Ukraine, from June, 1st,the Russian Minister of Energy, Alexander Novak stated.

The term, under which the Ukrainian party was to pay for supplied gas, expired on May, 7th. From March of the current year, there weren’t payments from Naftogaz Ukrainy. To date, the total debt of the Ukraine for gas has reached $3.508 billion.

“According to points 5.1.5 and 5.8 of the gas supply contract dated 2009 between Gazprom and Naftogaz Ukrainy, the non-fulfillment of obligations entails automated transfer to a prepayment mode of gas supplies to the Ukraine from June, 1st,” – Alexander Novak noted.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer