Gazprom: Ukraine Will Only Receive Prepaid Volumes of Gas

Gazprom: Ukraine Will Only Receive Prepaid Volumes of Gas

Gazprom said it has switched Naftogaz of Ukraine to a prepayment of gas supplies.

The decision was made owning to persistent non-payments by Naftogaz of Ukraine. The overdue debt of the company for the supplied Russian gas equals USD 4.458 billion: USD 1.451 billion – for November and December 2013 and USD 3.007 billion for April and May 2014, Gazprom said in a statement.

By the proforma invoice for June the payments also were not received. Starting from today the Ukrainian company will receive only prepaid volumes of Russian gas, Gazprom added.

Press Release, June 16, 2014

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