Gazprom To Abolish Special Pricing Of Gas For Ukraine

Russian energy giant Gazprom has decided to scrap the special pricing regime it is holding for Ukrainian gas supplies.

The reason is that Kiev is "not delivering on its obligations" to the company, Alexey Miller was quoted as saying by the Russian agency ITAR-TASS.

At a meeting with Russian Prime Minister Dmitry Medvedev, he explained that whereas Ukrainian debt to Gazprom was USD 1.529B, the country has so far paid only 50% of its supplies for last year, which means its liabilities are set to rise further.

Mevedev described the decision as fair, but added that he had asked Russian Finance Ministry to consider the possibility of a new loan to Ukraine which could be used by Kiev to make its gas payments.

Earlier, the new Ukrainian leadership already asserted that the debts to Gazprom have been accumulated by the previous government and that the country will soon be ready to remit a USD 400M tranche of what it owes to the Russian gas company.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!