Putin informs EU colleagues on switching to pre-paid gas supplies only for Ukraine on June 1

Russian President Vladimir Putin has sent an appeal to a number of foreign partners, in which he informed them that Russia will switch to solely pre-paid gas supplies for Ukraine on June 1.

Russian President Vladimir Putin has sent an appeal to a number of foreign partners, in which he informed them that Russia will switch to solely pre-paid gas supplies for Ukraine on June 1.

In early April Russia addressed European partners "with the proposal to hold immediate consultations in order to develop coordinated actions to stabilize the Ukrainian economy and to ensure stable supplies and transit of the Russian gas in accordance with the contract conditions," Putin said in his letter.

"Unfortunately, we are forced to conclude that no certain proposals on stabilizing the situation with the Ukrainian buyers fulfilling certain obligations and ensuring reliable transit were received from our partners," the document said.

Moreover, during this time the situation with payments for the Russian gas just got worse, Putin said. "Gazprom [MOEX: GAZP] has not received a single payment for the gas supplied to Ukraine and the total debt of Ukraine grew from $2.237 billion to $3.508 billion," Putin said.

"Amid such conditions and in strict accordance with the contract, Russia has issued an invoice for pre-paid gas supplies to Ukraine and, starting from June 1, will supply gas in volumes paid for by Ukraine in advance," the letter said.

This is "a forced decision," Putin said. At the same time, Russia "remains open for continuing consultations and actions together with the European countries to stabilize the situation," he said.

"For our part, we hope for a more active dialogue from the European Commission in order to develop certain fair decisions to stabilize the Ukrainian economy," the Russian president said.

Over a month passed since Putin addressed leaders of the European countries receiving gas via Ukraine, the document said.

"Consultations with representatives of some non-EU countries have been held" in Moscow and "our partners completely shared our concern about the situation with Ukraine paying for the gas supplied from Russia and the risks of an insufficient level of gas in the Ukrainian underground storage facilities," Putin said.

As to the EU states, "during this time a single meeting was held in Warsaw with the delegation headed by EU Commissioner for Energy Gunther Oettinger and Ukrainian representative Yuriy Prodan," the Russian president said.

Read more: Russia, EU, Ukraine set 4-week deadline to prevent new gas transit crisis

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