Russia’s most powerful icebreaker to cost over $1 blnMilitary & Defense March 30, 14:08
Bulgarian official slams 2017 Eurovision Song Contest as politicizedWorld March 30, 13:35
Moscow considers Brexit UK’s internal affairRussian Politics & Diplomacy March 30, 13:28
Russia's Nobel laureate in physics Abrikosov passes awayScience & Space March 30, 13:18
Press review: Moscow wins $3 bln debt battle vs. Kiev and S.Ossetia seeks to join RussiaPress Review March 30, 13:00
First Russia-NATO Council meeting in 2017 begins in Brussels — sourceWorld March 30, 12:54
Hamburg ballet director gives heart and soul to stage Anna Karenina performanceSociety & Culture March 30, 12:44
Russian diplomat says humanitarian tensions over Mosul are white-hotRussian Politics & Diplomacy March 30, 12:34
Diplomat slams efforts to justify terrorists incursions in Syria as ‘propaganda game’Russian Politics & Diplomacy March 30, 12:32
MOSCOW, May 12. /ITAR-TASS/. Russian gas giant Gazprom should transfer the Ukrainian national oil and gas company Naftogaz of Ukraine to the system of advanced payment, Russian Deputy Energy Minister Anatoly Yanovsky told a news conference on Monday.
Yanovsky says Gazprom pays custom duties in foreign gas supplies, therefore, the company should transfer the Ukrainian partner on advanced payment, according to the Russian legislation.
A bill for advanced payment in June should be produced before May 16 and should be paid by Naftogaz until the end of a month preceding a month of delivery.
For two months Ukraine has not made payments for delivered Russian gas. Naftogaz’s debt has already reached $3.5 billion.
According to the contract between Gazprom and Naftogaz Ukrainy signed on January 19, 2009, “If the payment is not made by the 7th day of a month following a month of delivery the seller can shift supplies on the following procedure of settlements. No later than on the 16th day of a month preceding a month of delivery the seller (Gazprom) produces a preliminary bill for the month which the buyer should pay fully before the start of a month of delivery.” In current situation and according to Article 5 Clause 3 of the contract “if the buyer did not fulfil or fulfilled improperly all liabilities the seller can stop executing its liabilities partially or fully.”
So, before May 16 Gazprom will produce a bill for June gas supplies to Naftogaz which should pay it before the end of May. If the bill is not paid, sanctions on the contract restricting gas supplies to Ukraine may be imposed in this case.