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Serbia may repay debt to Gazprom with stake in petrochemical firm

October 07, 2014, 15:51 UTC+3 MOSCOW
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MOSCOW, October 7. /TASS/. Serbia may repay its debt to Russian gas giant Gazprom by giving it a stake in petrochemical company HIP-Petrohemije, Foreign Minister Ivica Dacic told reporters Tuesday.

“We have talked today and agreed to redeem the debt with the help of property, Petrohemije company in particular,” Dacic said.

Serbia’s debt to Gazprom amounts to $180 million, including $148 million it owes for February-March 2013 and March-April 2014 supplies and $34.8 million for the 1995-2001 supplies. Gazprom has suggested adding $3 to the price of gas it supplies to Serbia to offset its debt.

Serbia has also suggested Russia returns to a tolling model of gas supplies to the country, Dacic said, adding that due to the Ukrainian crisis Serbia asked Russia to find additional possibilities of supplying gas to the country.

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