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Ukraine Must Pay in Advance for Gas Supplies, Gazprom Says
May. 08, 2014 10:54AM PST
Oil and Gas InvestingRT News reported that Russia’s Gazprom plans to demand advance payment for LNG supplied to Ukraine in June. According to RT News, Ukraine missed a payment in April, adding to its already enormous gas bill and prompting Gazprom to exercise its right to ask for advance payments. As quoted in the publication: The debt as […]
RT News reported that Russia’s Gazprom plans to demand advance payment for LNG supplied to Ukraine in June. According to RT News, Ukraine missed a payment in April, adding to its already enormous gas bill and prompting Gazprom to exercise its right to ask for advance payments.
As quoted in the publication:
The debt as of May 7, 2014 stands at $3.508 billion, Gazprom said Wednesday, up from the $2.2 billion tab at the end of April. The sum is contested by Ukraine. Moscow, Kiev and the European Commission plan to hold a new round of talks to negotiate the debt; its date will be discussed on May 12, Russia’s Energy Ministry said.