Ukraine Must Pay Up Front for Gazprom Gas Supplies

Gazprom inform that in a recent working meeting, Russian President Dmitry Medvedev tasked Gazprom to switch Ukraine to gas prepayment terms.

The meeting involved Dmitry Medvedev, Russian Prime Minister, Alexander Novak, Russian Energy Minister and Alexey Miller, Chairman of the Gazprom Management Committee.

Alexey Miller informed Dmitry Medvedev that Ukraine’s total debt for Russian gas, including for the past year, totaled USD 3.508-billion. It was pointed out that Ukraine had made small payments at the beginning of the year, but March and April deliveries hadn’t been paid off.

After due consideration, Dmitry Medvedev decided to require Gazprom to switch Ukraine to prepayment for gas supplies in line with the existing contract.

Source: Gazprom