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
- Trump Wants High-Profile Meeting With Putin at G20 Summit - June 26th, 2017
- House Spending Bill Threatens to Suspend Nuclear Treaty With Russia - June 26th, 2017
- Bahrain Accuses Qatar of Seeking 'Military Escalation' - June 26th, 2017
- White House Appears to Be Planning Attack on Assad - June 26th, 2017
- Top Senator Blocks Gulf Arms Sales Over Qatar Crisis - June 26th, 2017