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Ukraine to pay off $1.45B in Russian gas debt

Other News Materials 31 October 2014 03:00 (UTC +04:00)
Ukraine has confirmed that it is ready to pay off 1.451 billion dollars in Russian gas debt immediately and also pay for at least 4 billion cubic meters of Russian gas
Ukraine to pay off $1.45B in Russian gas debt

Ukraine has confirmed that it is ready to pay off 1.451 billion dollars in Russian gas debt immediately and also pay for at least 4 billion cubic meters of Russian gas, allowing uninterrupted supplies to the European Union during winter, EU Energy Commissioner Guenther Oettinger told RIA Novosti.

"Ukraine would be able to prepay for 4 billion cubic meters of gas," Oettinger said following trilateral gas talks in Brussels.

Guenther Oettinger also stated that Russia agreed to give Ukraine a 100 dollar per 1,000 cubic meters discount until March 2015 in a form of export duty reduction.

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