Economic

Ukraine’s gas debt to Russia rising

“Crisis-hit Ukraine currently owes Russia about $3.35 billion in unpaid natural gas bills and is falling behind with repayments despite a large discount on the fuel granted by Moscow last year, Vedomosti business daily reported Monday.
The former Soviet nation is unlikely to pay Russia’s state-owned Gazprom on time for the $650 million worth of gas it imported in January, Vedomosti cited President Vladimir Putin’s spokesman as saying.
Russia agreed to slash the gas price in a December bailout seen as a political reward for Ukrainian President Viktor Yanukovych after he backed away from integration agreements with the EU to instead cement closer ties with Russia.”

Source:Ukraine’s gas debt to Russia rising – report | BUSINESS | The Moscow News

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