Naftogaz makes first payment of $1.45 billion to foot Gazprom's gas bill

Naftogaz has made the first payment of $1.45 billion to foot the gas bill of Gazprom.

Naftogaz has made the first payment of $1.45 billion to foot the gas bill of Gazprom.

"Naftogaz has transferred $1.45 billion to Gazprom to pay for the delivered but hitherto unpaid gas supplies," the company press service reported on Tuesday evening.

Consistent with the Brussels deal, Naftogaz will pay a total of $3.1 billion for 11.5 billion cubic meters of gas delivered by Gazprom in November-December 2013 and April-June 2014.

A final decision on the payment for gas supplied by Gazprom to Naftogaz since 2010 will be made by the Arbitration Institute of the Stockholm Chamber of Commerce.

"The Brussels agreements are an interim solution, which has no effect on the sides' positions in court," the Ukrainian company added.

"Necessary funds have been deposited to the current foreign currency account of Naftogaz," the report added.

Press Digest: Moscow, EU and Kiev conclude deal on gas supplies to Ukraine>>>

All rights reserved by Rossiyskaya Gazeta.

More exciting stories and videos on Russia Beyond's Facebook page

This website uses cookies. Click here to find out more.

Accept cookies