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Russian Gazprom confirms receipt of gas payments from Ukraine

March 04, 2014, 13:32 UTC+3 LONDON

As of March 3, Ukraine’s total debt for Russian gas had exceeded $1.5 billion

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© ITAR-TASS/Vitaly Grabar

LONDON, March 04. /ITAR-TASS/. Russia’s Gazprom gas giant continued receiving from Ukraine payments for the consumption of Russian gas, although there were some arrears in payments, a participant in the presentation of the gas holding for investors, held in London on Monday, told Tass on Tuesday.

He said Ukraine continued ensuring unremitted transit of Russian gas, which is pumped to many European Union member countries. Earlier Itar-Tass reported referring to the Ukrainian energy minister Yuriy Prodan that Ukraine intended to shortly transfer $400 million out of its $1.5 billion debt to the Russian gas giant. These $400 million would be disbursed as payment for gas supplied to Ukraine in February, the minister said, adding that Ukraine was planning to shortly pay off current arrears.

According to Prodan, as of March 3, Ukraine’s total debt for Russian gas had exceeded $1.5 billion. “This is the debt left to us by the previous leadership. We continue paying off this debt, but we cannot do this as fast as to discharge it in full,” Prodan said.

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