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Gazprom raises possibility gas deliveries to Ukraine could be halted over debts

Author: Interfax-Ukraine All articles by this author

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Mar. 07, 2014 16:22
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Gazprom CEO Alexei Miller
Photo by AFP

The debt that Ukraine's Naftogaz Ukrainy owes for Russian natural gas has risen to $1.89 billion, Gazprom CEO Alexei Miller told journalists. 

"In fact, this means that Ukraine has stopped paying for gas," Miller said.

"This is completely at odds with the provisions of the contract and international trade practice. For our part, we have always met and will meet our contractual obligations. But we can't supply gas free of charge. Either Ukraine repays its debt and pays for current deliveries or the risk of returning to the situation at the beginning of 2009 will appear. We will notify the Russian government concerning the situation that is taking shape," Miller said.

"Today, March 7, was the payment deadline for February's deliveries of gas to Ukraine. Gazprom has not received payment on the debt. Including the price discount in effect in the first quarter, the overdue debt for gas has increased significantly and now totals $1.890 billion," he said. 

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