Günther Oettinger

Ukraine pays off part of Russia gas debt

MOSCOW, June 4, 2014 – On May 30, EU’s Energy Commissioner Günther Oettinger stated that Ukraine had paid $786 million of the $3.5 billion Russia says it is owed for past deliveries of natural gas.

 

Several weeks ago, Gazprom increased the price for gas to Ukraine by 80 percent, resulting in a standoff between the two countries. The Russian side has threatened Ukraine with moving it to a pre-pay system, while Ukrainians have argued for paying the old price of $268 per 1,000 cubic metres (35,310 cubic feet), against the new price of $485.50.

On June 2, Gazprom extended the payment deadline on the remaining amount until June 9. Negotiations between the two sides will be ongoing this week

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