Gazprom delays prepayment for Ukraine by another day

17:19, 04.06.2014 1 min read

Gazprom is delaying the introduction of pre-payment by Ukraine for gas by another day, from June 9 to June 10, because June 9 is a public holiday in Ukraine, Gazprom said in a press release.

The statement followed talks between Gazprom CEO Alexei Miller and his counterpart at Naftogaz Ukrainy, Andriy Kobolev.

"A wide range of issues related to bilateral gas cooperation was discussed," Gazprom said.

Gazprom said Ukraine owed $4.455 billion for gas, including $1.454 billion for November-December 2013 and $3 billion for April-May 2014.

"In keeping with the contract, due to chronic non-payments, it was decided to convert Naftogaz Ukrainy to pre-payment from the beginning of June this year. On June 2, Naftogaz settled debt for the first quarter of 2014, paying $786 million. Due to this, pre-payment was delayed until June 9," Gazprom said.