Gazprom received, but returned to Naftogaz Ukrainy, payment for gas supplies in March

10:54, 01.03.2018 1 min read

Gazprom received a payment from Naftogaz Ukrainy for gas supplies in March, Gazprom Deputy CEO Alexander Medvedev told reporters.

"However, as they say, a stitch in time saves nine. As of today, no supplement to the existing gas supply contract with Naftogaz Ukrainy has been agreed, which is necessary for supplies to begin," he said.

"Therefore, in this situation, we, acting in a good-faith key, have returned in full the payment received from Naftogaz Ukrainy. Evidently, there will be no gas supplies to Naftogaz Ukrainy beginning on March 1," Medvedev said.