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Settlement of remaining Ukraine debt to be discussed after Stockholm arbitration decision

October 31, 2014, 9:40 UTC+3 BRUSSELS
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BRUSSELS, October 31. /TASS/. Settlement of remaining Ukrainian debt for the Russian gas will be discussed after a decision of Stockholm’s arbitration, Russia’s Minister of Energy Alexander Novak told reporters on Friday.

Ukraine’s Naftogaz and Russia’s Gazprom will continue arbitration court procedures, he said.

“The invoices were based on the prices for each month of supplies. The invoices for November-December 2013 were based on the price of about $389 per 1,000 cubic metres, for April-May-June — on about $495. This very difference between the invoiced $5.3 billion and the $3.1 billiob, which we have agreed would be settled before the end of December, is not disappearing. We have agreed now that the issue of settling this overdue payment would be discussed after a decision of Stockholm’s arbitration. In case of a final decision, we may correct respectively the overdue payment,” the Russian minister said.

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