ADVERTISEMENT

Russia to deliver gas to Ukraine only on pre-payment

June 16, 2014 12:04 pm | Updated 12:26 pm IST - Moscow

Russia will only deliver gas to Ukraine upon pre-payment, energy giant Gazprom said Monday, after a deadline for arrears payment expired.

“Today at 10 am Moscow time (0600 GMT) Gazprom in full accordance with contractual obligations, switched to pre—payment gas deliveries for Naftogaz Ukraine,” the company said in a statement.

It added that the decision was based on the Ukrainian gas provider’s “chronic non-payment.” Russia says Ukraine owes it some 4.5 billion dollars in unpaid gas bills.

ADVERTISEMENT

This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
This is your last free article.

ADVERTISEMENT

ADVERTISEMENT