Skip to main content
Advertising

Originally published May 30, 2014 at 9:03 AM | Page modified May 30, 2014 at 4:51 PM

  • Share:
           
  • Comments (0)
  • Print

Ukraine making 1st gas payment to Russia

Ukraine said Friday that it ordered a $786 million payment to Russia in a first step toward paying off its gas debts, and another round of talks aimed at resolving the two countries' dispute over gas prices and preventing a possible supply cutoff was set for Monday.


Associated Press

advertising

BERLIN —

Ukraine said Friday that it ordered a $786 million payment to Russia in a first step toward paying off its gas debts, and another round of talks aimed at resolving the two countries' dispute over gas prices and preventing a possible supply cutoff was set for Monday.

Russia has stepped up pressure on Ukraine over gas lately, calling for Kiev to pay its debts and saying it wants payment up front for deliveries starting in June. It has threatened to restrict supplies starting Tuesday if no payment is made.

Moscow has put Kiev's gas debts dating back to November at $3.5 billion, and the CEO of Russian gas company Gazprom said this week that gas delivered in May could bring them to $5.2 billion. Ukraine, which saw gas price discounts granted by Russia canceled following the ouster of pro-Russian President Viktor Yanukovych, has sought an agreement on prices before paying up.

Ukraine's gas company, Naftogaz, announced at a European Union-mediated meeting in Berlin Friday with Gazprom and the Russian and Ukrainian energy ministers that it has transferred $786 million to Gazprom, EU Energy Commissioner Guenther Oettinger said. That covers deliveries in February and March, a period for which the price charged to Ukraine is undisputed, Ukrainian Energy Minister Yuri Prodan said.

Russia's representatives declared themselves ready to resume talks on Ukraine's outstanding gas debts and its future gas price in Brussels on Monday afternoon, provided that the bank transfer arrives in Gazprom's account Monday as expected, Oettinger said.

"Our ambition is to aim for an agreement on Monday," ahead of the supply deadline Russia has set, Oettinger said.

"We have got very little time left for new discussions, but we are very constructively minded and we hope that our partners are equally constructively minded," Russian Energy Minister Alexander Novak told reporters.

Yanukovych fled to Russia in February after months of protests, triggered by his decision to dump a pact with the EU in favor of closer ties with Moscow.

Gazprom scrapped a discount granted to Yanukovych in December and then another rebate linked to a 2010 deal on Russian navy presence in Ukraine's Crimea region, which Moscow annexed in March. Canceling the discounts raised the price by 80 percent.

Ukraine's Prodan declined to say what price might emerge from negotiations, but said it should be market-oriented and fair.



Want unlimited access to seattletimes.com? Subscribe now!

News where, when and how you want it

Email Icon

Love the column? Pre-order the book!

Love the column? Pre-order the book!

Reserve your copy of "The Seattle Sketcher," the long-awaited book by staff artist Gabriel Campanario, for the special price of just $29.95.

Advertising

Advertising

The Seattle Times Historical Archives

Browse our newspaper page archives from 1900-1984


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►