You're reading: Yatsenyuk: Ukraine ready to pay $2.2 billion in gas debt if Gazprom agrees price at $268.5 billion

Ukraine and national oil and gas company Naftogaz Ukrainy have confirmed their readiness to immediately pay gas debts totaling $2.2 billion and make on-time payments for subsequent deliveries if Gazprom agrees to maintain the price of natural gas at the level of the first quarter: $268.5 per 1,000 cubic meters, Prime Minister Arseniy Yatsenyuk said at a briefing in Kyiv on Monday, April 28.

Gazprom has been demanding approximately $485 per 1,000 cubic meters
as of the beginning of April following the renunciation of the so-called
Kharkiv agreements on gas signed in 2010.

“If Gazprom gives an affirmative response to maintaining the price
that was set from the beginning of 2014, then Ukraine is ready to
immediately repay $2.2 billion in debt,” Yatseniuk said following a
meeting of the National Security and Defense Council.

Kyiv has already sent Gazprom a number of statements expressing readiness to pay for Russian gas at that price.

“We await a response from Gazprom,” Yatsenyuk said.