Gazprom Reminds Ukraine of 'Huge Debt'

World | March 1, 2014, Saturday // 13:28| Views: 1387 | Comments: 0
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Bulgaria: Gazprom Reminds Ukraine of  'Huge Debt' Photo by BGNES

Russia's gas company Gazprom said on Saturday that Ukraine has a “huge” outstanding debt of USD 1.55 B, which must be paid off. 

The company's spokesperson Sergei Kuprianov told the RIA Novosti news agency that Ukraine might lose the preferential gas prices.  

“Our relations with Ukraine are fine and the transit is running, but they must pay for the gas”, Kuprianov said. “Currently the outstanding sum is huge, not only for last year, but for the current deliveries.” 

It is expected that in the current situation the deal between Gazprom and Ukraine's Naftogaz might be reconsidered. Russia's prime minister Dimitrii Medvedev also hinted earlier this week that the prices will be renegotiated.

In the end of last week Russian media reported that Russia's state budget and the Russian business might suffer losses of up to USD 8 B because of the events in Ukraine.

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