Share Tweet Pocket Add to Bookmarks
You're reading: Naftogaz won’t pay $7 billion Gazprom bill
Popular
on social media

“Naftogaz paid for all the gas that was actually delivered in 2012
and believes that Gazprom’s bill for importing less gas than contracted
is unjustified,” the document says.

But the prospectus also says that the take-or-pay provisions of the
contract are a risk for Eurobond investors: if Gazprom’s claims are
upheld, the government might have to bail out Naftogaz, which would put
pressure on Ukraine’s national budget.

In 2012 the state provided Naftogaz with Hr 3.9 billion in direct
assistance (Hr 7.993/$1 on February 11), as well as indirect
assistance: Hr 9.8 billion in compensation payments for differences in
rates charged for heat in the various regions and a Hr 6 billion
increase in charter capital.

Exclusive article

Sign up or subscribe to view more articles.
Try Kyiv Post for just 99¢ for the first month!
See All Plans
$5.95
Monthly plan
Get unlimited article access, anytime, anywhere.

Subscribe
$60
Yearly plan
Access all the exclusive content on KyivPost.com and the complete online archive.
Subscribe
Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More in this section
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: