Monday, October 13, 2014

Simplified Ukraine’s gas debt repayment terms – Russian Newspaper

Simplified Ukraine's gas debt repayment terms – Russian Newspaper

Kiev, Moscow offered a more flexible repayment schedule for Russian gas supplies, the total amount of up to 3 , $ 1 billion.

The first tranche of 1.451 billion Ukraine should translate to the start of deliveries. This amount includes fuel pick Kiev in November and December of 2013. The remaining debt of the Russian Federation allows transfer to the end of this year. This was stated by the head of the Russian Ministry of Energy Alexander Novak, according to Tass.

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According to him, such a proposal was sent to the European Commission on October 3, yet. “There are small changes that are ready to consider further in the framework of the memorandum,” – said the Minister.

Meanwhile, Kiev said the willingness to buy from the Russian Federation on a prepaid basis only 4 billion cubic meters of gas instead of the projected $ 5 billion, said RIA Novosti reported with reference to the head of the Ministry of Energy.

In addition, Ukraine proposes to postpone the period of repayment of the debt and is going after the first tranche of 1.451 billion dollars to pay the remainder in equal portions until March 2015 the. The proposal also asked Kiev to the European Commission.

On Friday, the Russian side agreed on the date of the gas talks in the Russian Federation – Ukraine – EU. It is planned that the next round will be held on October 21 in Berlin, Germany. According to the head of “Gazprom” Alexey Miller, Kiev should be pumped into the storage of at least 18, and preferably 20 billion cubic meters of gas, as the country waits in front of a cold winter, and “the risks that relate to problems in the case of cold weather, remain.”

June 16, “Gazprom” regime introduced an advance payment for natural gas for the Ukrainian “Naftogaz” due to chronic non-payment of Kiev. Payable at the time was more than $ 4.4 billion, including the period of November-December 2013 and April-May of 2014. Now Ukraine receives gas only reverse of European countries.

In the last tripartite talks Kiev did not agree with the proposed RF scheme debt. The EU also fears that the longer the country go to the compromise, the greater the likelihood of problems with gas transit through Ukraine to Europe.

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