Ukraine managed to duck a gas shutoff earlier this month, but after the latest round of talks on their debt and pricing disputes with Russian exporter Gazprom ended in a stalemate, they’re facing another.
Gazprom CEO Alexei Miller warned today that because of Ukraine’s sizable debt they are on a prepayment system, and if they don’t prepay for any gas, they won’t receive any.
“If Ukraine pays for no volume at all, it means that gas shipments to Ukraine will be zero,” Miller noted. Ukraine’s government has spurned the prepayment scheme, and complained about Gazprom’s plan to charge them the same rate as other European nations, $485 per 1,000 cubic meters.
The last round of talks centered on the price issue, with Russian officials offering $385 per, and Ukraine insisting they would pay no more than $268.50, the level the previous Ukrainian government was paying.
Last 5 posts by Jason Ditz
- Afghan Farmers: US Airstrikes on Opium Labs Won't Work - November 23rd, 2017
- Ousted Catalan Ruling Party Backs Off Independence, Seeks Talks - November 23rd, 2017
- Report: Trump Revealed Israeli Operation in Syria to Russian Envoy - November 23rd, 2017
- Calm Returns to Luhansk as Enclave's President Flees to Moscow - November 23rd, 2017
- Saudis Renege on Promise, Continue Blockade on Yemen Port - November 23rd, 2017