Russia switching to prepayment terms in gas supplies to Ukraine starting June - Russian energy minister

Russia is switching to full prepayment terms in supplying natural gas to Ukraine, Russian Energy Minister Alexander Novak told journalists following unsuccessful negotiations on gas supplies to Ukraine between the EU, Russia, and Ukraine in Warsaw on Friday.

Russia is switching to full prepayment terms in supplying natural gas to Ukraine, Russian Energy Minister Alexander Novak told journalists following unsuccessful negotiations on gas supplies to Ukraine between the EU, Russia, and Ukraine in Warsaw on Friday.

"In keeping with the contract, if there is no payment for gas, the contract clause on switching to prepayment comes into effect the following month. It was decided that Gazprom would not switch to prepayment in April. May 16 is the date when the bill for gas will be presented. The supplies can be paid for until May 31. If there is no prepayment for June by May 31, Gazprom will be entitled to limit gas supplies to Ukraine or supply as much gas as is paid for by May 31," Novak said.

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