Under the deal, Ukraine’s Naftogaz gas monopoly will pay $385 per 1,000 cubic meters to Russia’s Gazprom for natural gas, and will repay some of the many billions of dollars they owe for previous unpaid gas.
Poroshenko was pushing for more foreign aid in announcing the deal, saying the $30 billion in bailouts already received were “insufficient.” Exactly how much of the unpaid Gazprom debt Naftogaz will be able to pay remains unclear.
That’s because even while being a deadbeat customer themselves, Naftogaz has problems with its own customers in the rebel eastern oblasts not paying their bills, and collecting those payments is going to be a key to repaying its own debts.
Last 5 posts by Jason Ditz
- Pompeo Rejects EU Appeal for Iran Sanctions Exemptions - July 16th, 2018
- US Commander: Afghan ISIS Resilient to US Attacks, Almost Impossible to Defeat - July 16th, 2018
- Israel Attacks on Aleppo Air Base Killed at Least 22 - July 16th, 2018
- White House Orders Diplomats to Seek Direct Talks With Afghan Taliban - July 16th, 2018
- US Airstrikes Kill at Least Eight Civilians in Eastern Syria - July 16th, 2018