Gazprom to cut supplies to Ukraine from June if no prepayment

Standard

If Kiev does not pay its gas bills by June 2, exports to Ukraine will be halted the next day, Gazprom CEO Aleksey Miller said. Russian PM Dmitry Medvedev meanwhile urged demanding advanced payment from Kiev as early as Tuesday.Miller told Medvedev on Monday that Gazprom will issue a preliminary June bill to Ukraine’s Naftogaz on May 13. According to Miller, Kiev already owes the company more than $3.5 billion, which compares to Gazprom’s annual gas supply to Poland.“In case Ukraine does not pay for the June supplies, Gazprom will notify the Ukrainian side, before 10am on June 3, and the volume of gas will be supplied to Ukraine in accordance with the advanced payment,”Miller said.He added that if Kiev pays for zero cubic meters of gas, it will receive none.Medvedev said that it is “time to stop nursing” Ukraine, urging Miller to switch to advance payment as early as Tuesday. He noted that Kiev has the money needed to pay back its debts.

For full report read ….. http://rt.com/business/158444-russia-ukraine-gas-supplies/

Advertisements

One thought on “Gazprom to cut supplies to Ukraine from June if no prepayment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s