Gazprom introduces prepayment system for gas supplies to Ukraine
Economy
In full compliance with the effective contract, Russia’s Gazprom has introduced pre-payment for gas supplies to Ukraine’s oil and gas company Naftogaz, as follows from the company’s news release.
“The decision is made bacuse of chronic non-payment by Naftogaz of Ukraine. The overdue debt for supplied Russian gas stands at $4.5 billion — $1.5 billion for November-December 2013, and $3 billion for April-May 2014,” the news release says.
The deadline for Naftogaz of Ukraine's transfer of $1.95 billion payment to Gazprom has expired at 10.00 am Moscow time, and no payment was received by the Russian gas company.


















































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