Gazprom decides not to continue gas discount for Ukraine after March

March 4, 2014 Interfax, Interfax
Russian gas giant Gazprom has decided not to continue extending its gas price discount for Ukraine starting next month, Gazprom CEO Alexei Miller said during a Tuesday meeting with Russian Prime Minister Dmitry Medvedev in Moscow.

Russian gas giant Gazprom has decided not to continue extending its gas price discount for Ukraine starting next month, Gazprom CEO Alexei Miller said during a Tuesday meeting with Russian Prime Minister Dmitry Medvedev in Moscow.

"In conditions where Ukraine is not meeting its obligations, not fulfilling the agreements reached with the signing of the amendment to the contract that provides the discount, Gazprom has decided not to extend the discount starting at the beginning of next month," Miller said.

Ukraine's total debt for Russian gas is $1.529 billion, Alexei Miller said. "As regards last year's debt, $1.3 billion has been paid," he said, adding that this was just under half.

Miller suggested considering the possibility of giving Ukraine a $2-3 billion loan for settlements with the company. 

Dmitry Medvedev said he will order the Russian Finance Ministry to weigh all possibilities and risks of the provision to Ukraine of a loan to pay Gazprom for the gas supplied to Ukraine.

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