Ukraine not to pay for gas — Russian energy minister

May 16, 2014

Russia does not see that Ukraine has any possibilities to pay for natural gas supplies even if discount provided due to the economically complicated situation in the country, Russia’s Energy Minister Alexander Novak said on May 15, ITAR-TASS has reported.

He added that the Russian side does not have any guarantees that Ukraine would be able to pay for gas supplies with any discount.

“We do not have guarantees that even if a price of $100 will be set, these bills would be paid by the Ukrainian side. What we see today is a complete insolvency,” the minister noted.

Earlier, parliament-appointed Minister of Fuel and Energy of Ukraine Yuriy Prodan stated that Ukraine was ready to pay the debt for supplied Russian gas “within 10 days, if Russia goes back to the price of $268.5 for 1,000 cu. m”.

Copyright: ITAR-TASS, 2014