Friday 23 May 2014

Russia ready to accept from Ukraine gas debt for at least first quarter but not payment yet | Russia Beyond The Headlines

Russia ready to accept from Ukraine gas debt for at least first quarter but not payment yet | Russia Beyond The Headlines:



"Russian President Vladimir Putin has reiterated that the risks regarding Russian natural gas supplies to Europe arose through the fault not of Russia but of Ukraine, which has refused to pay for the supplied gas.



"The situation is paradoxical. While Ukraine recognizes the effective contract signed in 2009, it refuses to pay under it, insisting on allowances not envisaged by the contract," he said at the St. Petersburg International Economic Forum.



Understanding Ukraine's difficult economic situation, Russia tried to help by granting a $3 billion of credit and a discount for the first quarter of 2014, provided it settles the accumulated debt and pays the current bills, Putin said."



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