Ukraine hands over gas cash

gazprom27 May 2015, News Wires – Ukraine’s state-run energy company Naftogaz is reported to have handed over a further $30 million to Russia’s Gazprom in prepayment for gas supplies.

The latest payment, reported by Reuters, brings the total sum of prepayments to the Russian supplier to $132 million under a recently agreed deal to secure gas deliveries for the cash-strapped country.

It comes amid an ongoing wrangle between the two countries over the price of gas supplies that has been fuelled by political tensions over Russia’s alleged military aggression in Ukraine.


– Upstream

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