Cooler heads seem to be prevailing in the ongoing natural gas dispute between Russian giant Gazprom and the Ukrainian government, and Russian officials have confirmed Gazprom has delayed a June 9 deadline for prepayment as talks continue.
Ukraine owes Gazprom several billion dollars for past shipments, and after the ouster of the Yanukovych government Russia cut long-standing discounted pricing to Ukraine. Between that and the continued non-payment, there was a real danger Ukraine could have faced a shutoff on June 9. potentially disrupting supplies to the rest of Europe from Russia, which go through the same pipelines.
Ukraine’s interim government was adamant about not paying, but on Friday the state natural gas monopoly paid Gazprom $786 million to cover gas supplies from February and March.
Disputes over pricing (Ukraine still wants the discounted rate) remain to be resolved in future negotiations, but Gazprom’s willingness to let the June 9 deadline slide suggests there is growing confidence that a mutually acceptable agreement can be reached.
Last 5 posts by Jason Ditz
- Exodus From Eastern Ghouta as Syrian Army Appears to Near Victory - March 18th, 2018
- Pentagon Defends Keeping Niger Attacks Secret - March 18th, 2018
- Trump Administration Scrambles to Convince Congress Not to Halt Yemen War - March 18th, 2018
- Sen. Corker Predicts Trump Will Withdraw From Iran Deal in May - March 18th, 2018
- May Says Britain Considers More Steps Against Russia in Coming Days - March 18th, 2018