09:43 05.11.2014

Naftogaz transfers $1.45 bln to Gazprom as first tranche to repay gas debt

1 min read
Naftogaz transfers $1.45 bln to Gazprom as first tranche to repay gas debt

NJSC Naftogaz Ukrainy has transferred $1.45 billion to Russia's OAO Gazprom as a first tranche to repay debts for supplied gas.

"NJSC Naftogaz Ukrainy has transferred $1.45 billion to OAO Gazprom to pay for supplied but unpaid gas," the company's press service said on Tuesday evening.

In keeping with the recent agreements reached in Brussels, Naftogaz is to pay $3.1 billion in total for 11.5 billion cubic meters of gas supplied by Gazprom in November-December 2013 and April-June 2014, the press service said.

Final settlements for the gas supplied by Gazprom to Naftogaz since 2010 will be regulated under a ruling by the Arbitration Institute of the Stockholm Chamber of Commerce, Naftogaz said.

"The Brussels agreements are an interim solution, and shall not influence the parties' position in court," it added.

"All the money required is on Naftogaz's current foreign currency account," the company said.

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